In what way exactly is this one supposedly the "first" marketplace? I seem to remember perusing the NXT one long before this one existed. Or is it by sticking "decentralized' in front of it and that they feel they can then make that claim.
BAY has a functioning decentralized marketplace. With decentralized being the important part, if not the most important part. The whole crypto started to bring more decentralization, to make bartering trustless for the users.
I know that people really love to believe their favorite coin or whatever is decentralized, but in the case of this one, it's currently "centralized" in the developer himself. The moment he stops (is hit by a bus or something else happens), just like all others where the dev left, it will die. Him also having at least 10% (no one can be believed in this space and he could have far more than that), well that's a hell of a lot and cause for concern. It used to be that any coin that had a premine etc. of that sort of amount was immediately classified as a scam/garbage etc and avoided. Now of course people just accept it all as normal and make up all sorts of things to justify it.
His stating that this coin cannot be stopped by any country etc is just laughable and the fact that he's put that out there just has to make someone start to question more. Tor traffic can be detected and blocked. Bittorrent traffic can be detected and blocked. Sure, it wouldn't be cost effective to try and stop absolutely everyone, but you stop the majority and anything relying on it is dead. Seriously. I mean all you have to do is read the freaking wikipedia page about Tor. Just because no one really gives a shit about all this stuff right now doesn't mean it can't/won't happen down the road.
Another issue I have with this coin is that the marketplace is subject to the deal/licensing of Halo. Have all the specific details on that been made public? Would think that should be right in the OP of the coin as it's pretty important. Without it though, the marketplace no longer exists which makes it a risk.
At the end of the day though, this coin is no different than 99% of the others out there. It hasn't solved any real fundamental problems, offers a bunch of "stuff" that makes it seem like it has some sort of value and it serves no other purpose than a way for people to make a bunch of money for as long as it lasts. So as long as that's all you're interested in, then by all means, this one is as good as any other.
You have made some valid points but it boils down to this at the end of the day when talking about valuation..... show me a project that offers more for less. It has a functioning unbreakable smart contracts market that is getting more and more versatile every update, it has a functioning governance feature (one major issue solved) it has a rolling peg being developed (will solve spiking and troughs ie stability) the scaling of it is also very interesting and a novel approach so that on chain is not bloated and growing to a huge size ( 2 more interesting things being solved). I like the cold staking feature a lot too.
Some of your points are actually valid and a concern but these are also being worked on too. The fact halo is not a bitbay exclusive to me is a concern but halo is owned by the devloper himself so in time if bitbay becomes worth 100M + then I would hope he could remedy this if he still owns 10% of the bitbay minting. Halo is but one part of bitbay though and to me not the most important part the pegging system and all the other features in the market place are equally as important. The fact halo is not exclusive i do not like but then what about all other open source projects they can be copy and pasted at will with no consulting the developers so to me this adds value to bitbay also in that yes he can license halo to another project if he wants in theory but why would he that will destroy his value in bitbay so this is a better situation that where anyone can copy and paste the technology without paying a license fee. Bay paid 100BTC fee for halo so that is already licensed to bitbay for good.
If you can find me a project that offers me more than bitbay for less I will be all over it.
I am not closed mined so feel free to get me a comparison chart knocked up for bitbay vs X project (that is not just a bunch of dreams and fantasies and that has these features now)
all these dreams and talk ICO's are not to be included. I want real working functioning tech.
Ethereum is perhaps the only project but that is magnitudes more expensive.
LTC is bringing some real word improvements over BTC so i have that already.
Block - yes that is going to be very very useful when it actually comes out fully functional so have that already.
Maid seems to have big plans but again how long will we wait how well will it work in practice how well will it be adopted....same for the decentralised super computer projects that are popping up all over this arena now.
I'm looking for something new something that gives me more than what these have and has to give it to me at a price that looks like a deal not already priced in and too expensive.
Please research bay in depth, then if you find something else to rival bay for the same or less please point me in the right direction.
I do not however make light of the valid concerns you have made but at this point the risk vs reward is a good ratio to me so I have no second thoughts at this point of hold and still accumulating more. When pegging is completed and all other spending features are completed fully and this is all polished I will still be accumulating up until a top 10 position for this project. I can envision it eventually becoming a base market for exchanges in the future too.
Not sure if you've understood my point of view about the "coin". As long as you're going to buy/sell for some "short term" profit, then it's fine. If your plan is to hold for a nice 5x, 10x pump, then yes, that's probably also achievable. But if you think it's some sort of long term investment, then I'd say you need to look at the entire sphere of crypto currencies and realize that there is no track record that anyone can point to which makes that sort of investment anything more than a "dream". i.e. hobby vs business decision.
I'm not going to talk about various concerns regarding pegging as I just view it as a sure fire way to fail long term. People should be viewing it as a risky experiment and be ready to cash out quickly as that's what it's going to be, an experiment. I don't really pay much attention to coins with that sort of thing but didn't some other coin attempt it and fail?
LTC has always been and should always remain the silver to bitcoins gold so it's always a decent one to hold if you want to hold I suppose. But the buying should have happened awhile back now.
Block as in blocknet? Don't trust them in any way so would never do more than trade for short term profit.
Etherium. Any of these coins that seem like they want to get in bed with the current financial system (Etherium, Ripple etc), I would never do more than take short term profits from.
Maid. I keep hearing it mentioned recently but haven't got around to checking it out yet.
Basically, there is nothing worth "holding". Coins fall into 3 categories for me. 1, avoid at all costs as it's most likely a scam (which means I basically avoid all ICOs and anything with a large premine etc). If they survive after the launch, then they might move to the next category. Trade for profit. Short term profit taking and that's it. The last category is reserved for those that I think "could" have a future but since nothing is worth sticking money in and praying you guessed right, I do accumulation trading.
Having said all that, there is only one thing in this sea of crap that I stumbled across that could be interesting as it's very different and it's use could be massive. However, the tech is unproven and I'm still trying to figure out it's pros and cons etc. I'm also trying to figure out whether the team behind it is "solid" and if they have any real vision and a solid plan for leveraging the full potential. I've looked at probably hundreds of coins over time and this is the only one that has really piqued my interest.
Which, brings up something else that should be asked about this coin.. or in fact, any coin you're going to look at.
1. What exactly is it as I can't tell. Seems to be trying to be a few things. In things like the movie industry, you have to make a 1 or 2 sentence "pitch" for your idea. I've used that in a variety of industries and it works. So what would that be for BitBay.
2. Who are the target users of the "product"?
3. What is being done to grow that user base?
4. Who are it's competitors and what is being done to compete and grow it's market share?
That's some really basic stuff that has to be answered for any sort of product. Here's what's really interesting about asking questions like that. More often than not, most can't answer the questions and/or you'll hear people say that it's too early for that and they'll do it later. Never happens. Speaking from experience, actually taking a piece of tech and being able to market it effectively is a whole other skill set and the vast majority fail at it. Think about all the coins that really shouldn't be "big" but came out of the gate marketing like crazy and basically pushed themselves into the top on marketing alone. How many perfectly fine coins have come out but died as there was zero effort to promote it. In the past I've gone to some coins and talked about the importance of working on adoption and got people saying it's not time or not important yet. Fast forward a couple years and, if they're still alive, they still haven't done anything and it's stagnant.
I'm not really asking or expecting anyone to answer these questions for BitBay. I've put it out there as more for something people should think about when they're looking at other things to put their money into.
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Last two months those idiots mention that it will be swap in next two weeks, well it is past more than two months. Also, coin was recommended 6 month before to all above exchanges, and hmmm any of them didn't see Veltor as real worth coin. So please stop scamming people with story "OMG this great project", and please stop telling them to buy, regarding all of you responsible for Veltor hype please do not do this any more, it is so obvious that nothing will happen with this coin, and one more time for those who just watching please do not buy this shit. 
