Go to https://coincodex.com/crypto/bitbay/

LAToken is open for business. Right now the price is falling. It's only $3.21!

I didn't mean my question as an affront. I spend a lot more time not checking in on the board than I do staying active. I miss a lot and I was just wondering. That's all there is to it.

Thanks for getting back so fast.

Om, Shanti, Shanti. Peace.

How thoroughly was the peg tested? I know it was exercised to some extent on the testnet, but that only lasted about 4 weeks as I remember and it was never working 100%.

I don't have any kids. But if I did I'd want two boys and two girls. I'd name the two boys Aaron and Don, and I'd name the two girls Erin and Dawn.

 :0)

Obvious product differentiation is crucial, otherwise we'll be stumbling all over ourselves forever.

Great marketing move. I personally favor zToshi or Ztoshi

How do I find the version of the Markets Client? When I click on Help/About it just says "Halo 2.5". But that is not the version of the Client proper.

Thanks in Advance

You're a pig, David. Allow me to explain. Long, long ago in a galaxy far, far away there was a saying: "In a breakfast of bacon and eggs, the chicken is involved but the pig is committed."

Absolutely no one doubts your intent, dedication or ability. As a matter of fact, IMHO you are El Jefe de los Cerdos.    :0)

My main point at this time is that I am not "shilling." I have been around other coins. When everybody is giving backslaps and high fives and congratulating each other about how great their position is and especially speaking of any dissenting opinion as being disloyal and attacking the mother ship, we are collectively taking a long walk on a short pier.

I am most definitely NOT suggesting we tell our community not to trade. It's just that almost nobody is.

Wash trading is a part of every coin's volume. But with us a single bot is doing over (rough guess) at least 80%.

I see people talking about how we will employ the network effect to grow. Until this coin gets bigger nobody in their right mind would use it to buy and sell much of value.

Right now the lack of BAYL. You have to admit it would be nicer. But my motive is not in cashing out, my objective is to get this show on the road.

I am now going to talk just one possibility, of which there are probably many.

In my personal (repeat, PERSONAL) opinion more emphasis should be placed on the stable coin aspect rather then trying to grow the marketplace.

If you got some whales up your sleeve, great. But I AM NOT ATTACKING! I am pointing out possible areas of improvement.

If you keep addressing me in such an aggressive manner I'll just back off.

The volume of LAToken is not valid. It is due almost entirely to a single wash bot. Or at least so I've heard.

Liquidity is so low because nobody wants it.

Some major marketing changes would SEEM to be in order.

CoinGecko is presenting a realistic view of BitBay.

Circulating Supply:          ? / 1,029,153,366
Market Cap:                    ?
Market Cap Dominance:   0.00%
Market Cap Rank:            #4937

The only people I see presenting a grossly exaggerated market cap are members of the BitBay community.

For example:

Wishful thinking

They only count BAYL and ignore BAYR. I think this method of evaluation is correct.

You can't make market cap go up by restricting liquid shares, but you can control share price volatility that way. Low volatility is our claim to fame.

This was posted on Slack this morning:

Alysea   1:53 AM
Dear BitBay community,

On behalf of LATOKEN, we apologise for the delay with the reopening of trading.
We had planned to reopen trading in the previous week but unfortunately some new bugs sneaked in.
Thanks to the help of BAY community, we have been able to find these bugs and fix them.
Sadly this Monday, additional new bugs have been identified and need to be fixed.

Currently user balances should have been fixed. Two issues remain, one related to the opening of trading, the other related to BAYR deposits not being credited.
We are focusing on reopening trading first. Once this will be done, we will work on tracking down the deposits issue.

We understand the frustration caused by these delays and we are sorry that it takes longer than expected.
Thank you for your understanding and patience while we fix these remaining issues.

Special thanks to the community members helping us with testing regularly to get rid of these nasty bugs!

@CRYPTONAIRE   Agreed, appearances can be deceiving.

It appears as if LAToken decided it's too much hassle, even though we're almost there and they had already invested so much time.

What's our next step? Anybody?

Would it be possible to have one single designated person (like Shorn or David) contact LAToken every Friday afternoon or Monday morning to get status and post it to Discord, Slack and BitCoinTalk? LAToken isn't going to appreciate it if random investors keep bugging them whenever they feel like it. Please post the name of the single point of contact on all three boards and request that nobody else talk with LAToken. A weekly update about a reliable date and any information about the cause of the delay would be welcome.

The term "sweat equity" means work that is performed at a discounted pay rate (perhaps even zero) in exchange for a share in potential future profits of a business. A typical high tech start-up has founders and employees. The unpaid work that the founders put in formulating the idea, performing market research, finding a viable niche, doing initial product development, drawing up everything they need to approach vulture capital (think Shark Tank) then doing the VC rounds is considered sweat equity. When they get funding they hire coders that work at a lower rate than usual in exchange for stock options, another form of sweat equity.

I believe it was Shorn who said we have a hard time convincing exchanges to carry BAY because the work necessary to integrate the dynamic peg is several times the amount of work required to integrate most other coins. We paid the up-front integration fee to four exchanges. Three of them accepted the payment and gave us ample reassurances that they would perform the integration. Once they started actual coding, however, they soon realized they really weren't up for all that hard work (poor babies) so they started doing the BS boogie then vanished into the wind. This is the type of situation that LuckyLeprachaun is understandably concerned with.

But LAToken is in the processs of actually performing the agreed upon integration. Our coders say they have been consistently asking detailed questions. And their code seems to actually work correctly (for the most part). LAToken has invested a considerable amount of capable coder hours, so they are definitely motivated to see it through to payoff.


Go to YouTube and search for: latoken davos

LAToken presented the 2019 Blockchain Economic Forum in Davos. Check out the credentials of the speakers. LAToken doesn't have a virtual server on Bluehost. They know the business side. That's why they can grasp the potential of BitBay.

One difference with LAToken is that they have invested a fair amount of sweat equity; they got skin in the game.

Could somebody post a notice here every time LAToken goes offline or comes back online? Thanks

Could somebody please let us know when we can deposit to LAToken again?