The slightly mysterious aspect of this coin for me is the ambiguous relationship with the Alibaba network. In particular, this remark: Furthermore, we use our contact list from Alibaba to help populate all the decentralized markets In my opinion this is potentially one of the biggest - if not the single biggest - break from hitherto attempts at mainstream adoption by crypto projects,. The problem with that remark though is that it's designed as a tease. It doesn't tell you anything useful. It could mean anything from "we've compiled a list of email addresses in Alibaba and we're going to spam them with info" to "we have conditional contracts to deploy Bitbay denominated markets under the Alibaba brand". The encouraging aspects for investing are that the project team appears to have its centre of gravity predominantly located on the Asian side of the globe. There are also quite a lot of potential adopters over there as it happens (see last December Bitcoin explosion). To put things in perspective, Alibaba's annual operating income is about $4 Billion dollars - the same as Lockhead Martin who build nuclear weapons system amongst other things. (24800,000,000 Chinese Yuan). Also, they are a *specifically* eCommerce, business-to-business and business-to-consumer retail group. That puts them squarely in the target zone for crypto adoption which is why it doesn't surprise me that a project like this has emerged which combines both the technology (specific types of smart contracts) and a specific third party to address this market. There's one hell of a gaping gap between those two pegged ends of the scale though and I hope something more developed than spamming a "contact list" is on the cards. Otherwise this will end up as another Blackcoin in no time. Spamming? What are you talking about? You keep forgetting that Bay team has $1.2 million and that's more than enough to hire people with skills who can help Bay in achieving what it's meant to achieve.
We really appreciate those kind words!
We've compiled a bit of information about some of the core team members behind BitBay. We will always listen to the concerns of our supporters and we feel deeply honored to have such intelligent investors with us at the ground level.
Team Member Bios:
David Zimbeck - USA / Cambodia - Born and raised in Los Angeles, California and currently living in Cambodia. David is a long time cryptography & bitcoin community member and widely respected developer / creator of Black Halo technology for BlackCoin. He is the lead developer of the BitBay Project and our development team manager. He also enjoys a good game of chess.
Rick K. - New York, New York - Private sector entrepreneur and online marketplace expert. Rick is our mainland China liaison with Alibaba.com. Rick has signed an NDA and therefore the public scope of his involvement with BitBay will reflect that agreement. Rick is coordinating the integration of established vendors into the marketplace.
Jay Lin - United Kingdom - American born and raised in the United Kingdom. Jay Lin grew up in London, earned his computer science degree from University College London and has spent much of his career there, but his family roots are in Taiwan (ROC). Speaking several asian languages and culturally fluent in Asian business methods and etiquette, Jay is head of marketing and brand management for BitBay.
Edward (Eddie) - Korea - Web development. Eddie is our master geek, fluent in multiple programming languages and especially talented in engineering large user account systems. Ed is a long time fan Kung Fu movies (Bruce Lee). He loves philosophy and anthropology.
Nicos - Russia - Crypto enthusiast since 2012. Computer science degree. Marketing experience. Nicos earned his cred in the rough and tumble years of the new Russian capitalism, and has ties with some major bitcoin payment processors. Nicos is also governed by a nondisclosure agreement that limits his public profile. Dog lover. Serial Entrepreneur.
Holly - Taiwan - Manufacturing, Factory management, Connections with top Alibaba vendors. Holly comes from one of Taiwan's most deeply rooted commercial families and has over 20 years experience with sourcing western production in Chinese factories. She also holds a NDA agreements with several online marketplace companies. Her most recent specialization has been mass production of cellphone accessories including iPhone cases. Holly found her way to us through her latest venture, supplying bitcoin ATM’s to Taiwan and Mainland China.
Profile images coming soon.
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Excitement should be shown when necessary but knowing the fact that they're still working on this project we shouldn't post any kind of hype because there is nothing to be excited about YET. It'll be damaging to investors who are planning to hold for long term. We all are excited to be part of this wonderful Bay & the team involved in it as you are. Please take it easy with hype because it'll attract the people who shouldn't be attracted. Bay is still trading below ICO price (300 sat). What is that picture supposed to be mean anyway?  |
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Couldn't let it go bought another 2BTC:)
january is right around the corner i want to get in 2015 with good feeling xD
Around the begining of Feb I'm hoping for big jump...around $0.01 at least. Once it's pegged..moon is the limit |
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Lol guys, what's the problem with along for etas. I'm an investor who's interested in the next steps my investments are taking.... relax
You ask for ETA...Dev provides it and then people who aren't interested in bay development would use it to hype the price and dump it right before the news. It's bad for bitbay, team & long term investors. Just relax, you're not the only investor in this coin.  Less questions you ask sooner you'll see what you're looking for. Thanks for the answer! Finally  Happy to help. As an investor we're putting our investment at risk every time we ask questions regarding ETA because someone out there is gauging the market and just waiting on news so he can take advantage of it.  |
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Lol guys, what's the problem with along for etas. I'm an investor who's interested in the next steps my investments are taking.... relax
You ask for ETA...Dev provides it and then people who aren't interested in bay development would use it to hype the price and dump it right before the news. It's bad for bitbay, team & long term investors. Just relax, you're not the only investor in this coin. Less questions you ask sooner you'll see what you're looking for. |
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I'm gonna ask again since no one answered me a few pages back. Do we have an ETA on smart contacts?
They're working on it. 4 days since the ICO ended..relax. . If we keep bugging them they won't be able to develop anything. Have you seen how many people are constantly asking stupid questions and keep distracting from the REAL work? Let them do the work and once it's done we all will find out..won't we? We can either build 3 demo wallets(windows mac linux) without any of my new Halo features such as hiding keys in a jpeg and the advanced history tab, actual vs present balance. Or you can have a UI that is half done. Its up to you guys. It would be a day of building just to build again. But I'm more than happy to release early. The real news is for markets anyways. Demo smart contracts is just the surface. I didn't mean to rush anyone. Just wanted to have an ETA that is not "soon" or "almost completed" so I could have an idea if we were gonna be waiting a few more days, weeks or maybe a month. What would you (personally) like to achieve with smart contracts since you're so keen to find out the ETA? Why did you create new username just for this post? |
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I'm gonna ask again since no one answered me a few pages back. Do we have an ETA on smart contacts?
They're working on it. 4 days since the ICO ended..relax. . If we keep bugging them they won't be able to develop anything. Have you seen how many people are constantly asking stupid questions and keep distracting from the REAL work? Let them do the work and once it's done we all will find out..won't we? We can either build 3 demo wallets(windows mac linux) without any of my new Halo features such as hiding keys in a jpeg and the advanced history tab, actual vs present balance. Or you can have a UI that is half done. Its up to you guys. It would be a day of building just to build again. But I'm more than happy to release early. The real news is for markets anyways. Demo smart contracts is just the surface. I vote to do it right. Take the time needed to release a good (complete) product. +1 Take your time. Don't let anyone rush you through it. |
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I'm gonna ask again since no one answered me a few pages back. Do we have an ETA on smart contacts?
They're working on it. 4 days since the ICO ended..relax. . If we keep bugging them they won't be able to develop anything. Have you seen how many people are constantly asking stupid questions and keep distracting from the REAL work? Let them do the work and once it's done we all will find out..won't we? |
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2 million coins dumped on Bittrex to 254 satoshi, now trading at 270 sat, might be a good entry point if price stabilize over 270 sat. AY BAY BAY  As I mentioned before...biggest holder has only 1.02% of 1 billion coins..that is 10 million coins. You will hardly see major dump with Bay because one person doesn't hold more than 25 BTC worth of coins and market will soon return to where it was before the dump. Nothing to worry about. What would 25 or even 100 btc dump would do to a coin that has market cap of 3000 BTC? piss in the snow.  |
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Time expected to earn stake: 22 hrs
2 days ago it was 15 minutes
It's amazing how bigger network weight has gotten in just 2 days.
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Why do you think it would reach 800 sat when you think it's overpriced at 250 sat?  I didn't. Another poster challenged the fact that I was posting in good faith and demanded proof of my investment. I thought his challenge was reasonable and created that order in response as a signal. I've since cancelled it. You haven't sold any You're still holding 1 btc bucket You don't think price would reach 800 sat because 250 sat is expensive (according to you) but you won't sell it either? So, you're just looking for attention in this thread I assume? |
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Another thing. There seems to be a pattern of small investors here spending a lot of time on this thread wringing their hands about whether the price is 10 satoshi up or down, or whether or not the devs "will deliver". +1 Give the devs a break . I'm sure they have way more invested in this (time, money, resources) than anyone here To the devs, is there anything I could maybe help do for the coin in promotion wise?? You can check out my baywatch meme a few pages back hehe PM me if interested. I want to build community for this Yep. People are wetting their pants over every small thing.. OMG COIN IS NOT IN TREX...OMG MARKETPLACE ISN'T LAUNCHED. People have too much time on their hands. ICO ended 3 days ago and they expect everything to be done and they raise hell because their 1 BTC bucket hasn't turned into 2 BTC within few days of launch. ridiculous really. On a side note: Bitbay has highest volume on trex right now. |
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So, it's obvious that you're in here to make small profit and run away with it.
Why talk shit about "how coin isn't going to do well" when you're one of the people who is damaging it in first place? First of all, people who trade assets don't "damage" them. They provide much needed liquidity to markets and high volume cryptomarkets are not something anybody complains about. Secondly, I invest in projects if I think they've got something interesting to offer. If they continue to have a promising roadmap I stay invested, if they don't I'll try to optimise my exit. I don't think any of that's in conflict with the remark that I thought the IPO was overvalued (which is was). My main point was that it is deceptive to focus on price rather than marketcap. The reason I made that point is that price doesn't take coin supply into account whereas marketcap does. Price doesn't let you "rate" the value of the IPO alongside other already-trading assets whereas marketcap does. The marketcap of the IPO was about a million dollars. http://coinmarketcap.com. Not ridiculous but still a bit of a challenge to rise from out of the gate. So I put a bitcoin into it rather than 10, that's all I'm saying. Why do you think it would reach 800 sat when you think it's overpriced at 250 sat? |
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sureeee . Aren't you the guy who said Bitbay is overpriced? Yes. I am that guy. Price has been over 250 sat since the first day of ICO. Why did you buy it if you think it's expensive? Assuming you made a mistake and now you realize it's overpriced. Why the hell is your sell order is at 800 sat? Shouldn't you be selling asap and get the fck out of the market? If it is expensive then price would be going down NOT up. Why are you still holding? So, it's obvious that you're in here to make small profit and run away with it yet somehow you still think it's expensive? Why talk shit about "how coin isn't going to do well" when you're one of the people who is damaging it in first place? Long time bay holders would love to see you go away from this thread and the market. Invest your 1 btc bucket in next new coin and move on from here. No point in stressing over it when you don't even have any interest in long term value of the coin. |
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I highly doubt you have anything invested in this coin and I would require a proof if you want to argue further. I would be forced to put you on ignore if that proof isn't provided in your next post. Quite happy to provide it. 254321 Sellwall @ 800 Sats coming right up on BTER. sureeee . Aren't you the guy who said Bitbay is overpriced? 200+ sat is expensive for 1 billion coins
+1 |
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@toknormal: Bitshares get traded as any other altcoin on exchange so your arguement is faulty. It's like saying URO isn't a coin because it's backed up with collateral (Urea). "Shares" is just an illusion.
As far as other altcoins (DRK, NXT etc) their team don't have money that is required for the development and marketing and that's where BitBay left everyone else behind.
Think of it as two new business in the market...Who would succeed? One who has only IDEA or one who has idea + money that is required to implement the idea successfully?
Why is Bitcoin still ahead of everyone? It's because they have so much money to market it and get more and more investors..not because it's better but because they have the money to implement the process that'll attract more investors. People know about bitcoin but they don't know about altcoins...why? it's because we're poor and BitBay will change it forever.
Please don't compare Bitbay to last year launch or any other coin. How many of those coins raised 3000 BTC during launch?
NONE
At the end of the day we all have to wait till everything is done so why bring your unnecessary arguement? I highly doubt you have anything invested in this coin and I would require a proof if you want to argue further. I would be forced to put you on ignore if that proof isn't provided in your next post.
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lmfao!! 1 billion coin supply!! this coin is way over priced at the moment, its a safe buy at 10-20 sat not 200-300 sat lol.
NXT has same supply and its worth 4500 SAT. So your argument is invalid. thank you for playing. we will see what way this goes, nothing against this coin at all but its very easy for it to be dumped hard with the supply, nxt has been about a good while dont forget and with crypto these days coins are coming and going real fast, pls remember this., ive nothing against this coin but i wont personally be buying atm but wish use good luck. 3000 BTC worth of coins were sold during ICO. One person doesn't hold half of the market. Group of people hold the market together. If one person from that group decides to dump his coins market will still be MORE than stable as you can see if you look at the chart after ICO ended. It's still floating above 200 sat. I highly doubt that one person is holding more than 200 BTC worth of coins out of 3000 https://chainz.cryptoid.info/bay/#!rich Ignore first one that is exchange. As you can see coins are divided between many people and it'll be very weird coincidence if 10 top holders decides to dump at the same time causing market to crash. Bitshares has 2 billion coins and it's trading around 3-4k. This coin has lot of things to offer and more importantly it has the money to implement those things in best way possible. In other words 200 sat price is bargain and you'll see what I mean once everything is implemented. Why does any good coin fail after few months? It's not because they aren't great but it's because they don't have capital that is required for proper marketing, development etc. Idea is worthless if you don't have money to back it up. Bitbay is $1.2 million richer than any other coin you'll see in the market. If it hadn't sold that many I would have my doubts but things are going to be great for everyone once they start spending that money in marketing/development etc. |
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@taknormal: crypto is scary, get used to it. Can't risk? don't invest. Pretty simple
Assumption without proof = FUD
Assumption with proof = Fact
I make my judgement based on the proof and not on what someone thinks.
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J9901, if you had half a brain you wouldn't be posting your crap here. You assumption about dev spent 2500 btc to buy his own coins during ICO is laughable. If I was the dev and had that much money I wouldn't be wasting time in ICO..I would be chilling in Peru & driving Maserati. Think before you open your mouth with bs & drama. |
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Agreed. Maybe you could argue its "expensive" right now because the technology isnt out yet, but once the team starts rolling out the new features and tech, 200 sat will be a bargain. It may be and it may not be. [1] - a huge amount of development was already priced into the IPO [2] - every man and his dog is bringing out coins with Bitcoin 2.0 and 3.0 features, decentralised exchanges and "smart contracts" right now It will be a bargain if they actually succeed in creating a marketplace that encourages widespread adoption. But making that market exclusive to one currency is'nt exactly exactly a killer proposal IMO. It's hard enough getting commercial adoption for crypto when your open to all currencies never mind only one that's only held by a tiny minority. DISCLOSURE: I put 1 BTC into the Bay IPO. True but those coins fail because their team don't have money to support it. They're dedicated people without money and that doesn't end well. In Bay situation capital is there with the plan and money can be used to achieve the greatness. All coins fail because poor dev/team and that won't be situation with Bay because we all know money is there. Good marketing team/dev is all it needs to get more investors/users/sellers and with $1.2 million on hand that'll be piece of cake for the team. |
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