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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg on: May 12, 2022, 06:53:08 PM
Thanks David for your reply but I feel this part will take another 3-6 months then after all done we will have another issue with LP. I trust you David but this is really  taking long time since 2014. excellent project and excellent team but too long to see any benefits soon. As you know all US based coins are failing, where Bitbay would be a good fit and a killer. I wish you guys would seriously look into setting a date soon so we can capitalize on this amazing opportunity. Anyway I'm a big fan and hoping to see Bitbay everywhere.

It would be false/hype to give an exact time or date, I stopped doing that years ago to guarantee that every word I utter or type is honest. Also, code can't be rushed as there is testing for bugs. With that said of course the goal is to get everything ready before the summer and handed off to Yshurik so he can do some c++ code and then test it.
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg on: May 11, 2022, 06:03:43 AM
hey guys , any update on the bridge implementation, this is the best time for the peg when the market is crashing .. please if we're going to see it soon. because i think night trader still needs 2-3 months ....   thanks guys

The bridge so far a lot of the solidity code is mostly done and being tested however there is still more to do. The BAY side code then has to connect to all of that. Plus there is some c++ work after that. So it's still unclear of when it will be done but hopefully it can be finished by this summer. Don't forget we have to test everything as well.
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg on: February 25, 2022, 06:20:05 AM
Yeah bridge is en route for Q1 to have most of the mechanics finished and then should go into testnet after yshurik codes some of my pseudocode in c++
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg on: November 24, 2021, 04:49:48 AM
Eventually it may be worth asking for them for the domain however in the meantime my guess is they will redirect
5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg on: October 20, 2021, 09:11:22 AM

Hello, I have several questions,

- Why is BAY not on CoinmarketCap / Coingecko anymore?

- Your website / social networking channels has not been updated for several years / months, roadmap, devs, objective ... Is the project still alive?

- How to buy or sell BAY native?

- How much total supply to this date (¿same like https://bay.tokenview.com/)?

- What position do you take regarding the BAYs that will be returned from the Cryptopia hack in the coming months?



Well first of all BAY was on 7 exchanges and many of them disappeared. Then we finished the demo peg website dynamicpeg to show exchanges how to integrate our dynamic supply control and then after months of negotiations Bittrex backstabbed us and delisted us because they either feared/censored the awesome peg tech or they were just too lazy to do any work to update for it. It was one of the first times they ever took a coin off international and that costed us their partners Upbit as well. What made matters worse is they didn't even give us a warning so we could plan to have a new exchange in their place. So then we tried to list on 4 exchanges and had our listing fee stolen 3 times costing us many bitcoins(I kept trying to force exchanges to use escrow but they kept refusing causing big arguments so we had to take some gambles) and then the 4th time Latoken took the deal and did integrate the peg and for a while we had volume building and were on Coingecko and sometimes CMC but then Latoken kept having "bugs" and pausing our trading. They refused to let us audit which was totally killing our volume and now none of our users want to use Latoken anymore because they have spent over a year screwing with us by not allowing an audit and constant outages.

BAY is around 60 cents for liquid and 1 cent for reserve more or less depending on who you ask. Remember the peg was implemented so the users may have either liquid or reserve coins depending on their liquidity/shards.

The roadmap was updated recently, it's just most users talk nowadays on Telegram and Discord so community is still very active. I usually am on Telegram, used to be on Slack but everyone moved over to Telegram.

https://bitbay.market/roadmap/index.html

Thats the roadmap, it's still active. BitBay is now making a bridge so it can add itself to all of the DEXes. This will give BAY access to ETH, Binance Chain, Avalanche, Matic, and other networks that have DEXes. The bridge will let users move coins on and off those networks. It's complex because BAY having the dynamic peg would be 10-20x more expensive in gas fees to run on ETH than a normal coin however because there are cheaper networks like Binance and things like ZKSYNC coming we feel the timing is right to make a bridge.

The supply on Tokenview is correct however consider the supply for liquid coins is based on supply index and BAY is something like 99.9% deflated so most of those coins are in "reserve". There is advantages to owning reserve though because it has the possibility of becoming liquid if supply increases (sort of like a decentralized bank)

As for Cryptopia, I have no clue what they are doing. As far as we knew they stole their users funds like so many other scumbag exchanges. Of course central exchanges are absolutely not the responsibility of BitBay which is a decentralized currency. If the exchange for whatever reason lets any effected users file a claim they have to take that up with the exchange.

This is precisely why we are making the bridge to get BAY on the DEXes. By the way, BAY is on Coingecko but because Latoken kept interfering with our momentum they probably don't list the page in search anymore. I'm in contact with them though and when BAY is only like 3 or so DEXes we can just tell them to refresh the listing.
6  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg on: October 19, 2021, 03:58:09 AM
Note: The BitBay Team with Alec, Ysurik, David, Craig, Bjorn, Shorn, Aletha, Alex, Giorgos,
Anoxy, Chris, Slava, Bruno, Louise, Matt, Charlotte, Leah, Mantrack, Igors, Akio and others,
continue to work very hard expanding the dream!  Thank You!!!

Thanks Doc, it's always good to have your support. We have a lot to look forward to this year.
Also the new static site is looking good and we have the bridge to finally give BAY access to the DEXes

The bridge is live? What's the address?

No, not yet. However it's being constructed. Just takes some time to make sure everything is okay.
7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg on: October 16, 2021, 10:39:27 AM
Note: The BitBay Team with Alec, Ysurik, David, Craig, Bjorn, Shorn, Aletha, Alex, Giorgos,
Anoxy, Chris, Slava, Bruno, Louise, Matt, Charlotte, Leah, Mantrack, Igors, Akio and others,
continue to work very hard expanding the dream!  Thank You!!!

Thanks Doc, it's always good to have your support. We have a lot to look forward to this year.
Also the new static site is looking good and we have the bridge to finally give BAY access to the DEXes
8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg on: July 24, 2021, 07:39:22 AM
Just checking out the Markets Client again. Wow!
BAY is truly an amazing ginormous piece of programming.

Everything is here to completely run a truly de-centalized exchange - and a lot more!  Wink
True Freedom for many people and institutions are right at their fingertips, if they only knew.

Ahhh - But, you have to take a little time and learn how to harness the power of BAY; whilst being honest in all transactions.

I believe eventually we will get our day in the sun again
9  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg on: May 12, 2021, 02:33:21 AM
Thank you for your quick answers. I don't see BAY on Latoken. I will wait for an exchange to be set up. There are several exchanges that can reference BAY such as vinex.network graviex crex24 would be ideal to generate liquidity and boost the BitBAY market what do you think? Can you give me the actual circulation supply and max supply of BAY?

Yeah because they are always down for bugs, we don't really trust them anymore so DEX is just better. Integrating with any central exchanges they have to do custom code and thats because of the peg, the circulating supply is constantly changing and a users reserve vs liquid balances always change.

https://www.docdroid.net/d5wcK4D/dynamic-peg-visual-technical-reference-20190528-pdf

Please read up on how the peg works there ^ and you will see why we have custom code to add to exchanges.

Because most exchange operators are either greedy or unskilled we can't seem to ever get a good agreement with them. So thats why we just go to DEX via bridges.
10  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg on: May 10, 2021, 10:54:48 PM
Hello Bitbay community, can you tell me how to mine extract BAY and where to buy it?

Yeah we trade on Latoken however they are usually down for repairs so we are doing a bridge to Uniswap and have NightTrader DEX coming. You can buy it for now OTC on Bitcointalk or Telegram NightTrader DEX chat and BitBay channel. Best to join https://t.me/bitbayofficial
11  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Blackcoin Protocol [BLK] | Home of PoS 3.0 | No ICO | No Pre-mine on: May 05, 2021, 12:15:17 PM
Any more news and exchange for Blackcoin? A little bit silent about BLK  Huh Huh

Hi, most people are active on the Discord server. https://discord.gg/hjNUgWD

Latest news.

- Listed on AtomicDEX.io
- BlackSight restored -https://node.blackcoin.io/insight/
- PayBLK restored - https://payblk.blackcoin.io
- Blackcoin More wallet updated - https://blackcoinmore.org
- blackcoin.nl blog running
- Blackcoin testnet running
- and probably more!

we are currently trying to add BLK to other DEX-es


You should consider a *trustless* bridge to Pancakeswap or Uniswap.

Can you help with that? we have been looking at BSC too..

Well I would love to but I have to do the bridge for BAY which will eat a lot of my time. Thats a more complex bridge because of the peg. The theory is similar though. However after I finish I can show you how I did it. It's never really perfectly trustless because at the end of the day you need lots of validators on ETH side to mint coins based on BLK chain. Also you need to decide how the governance is structured... on BLK side you can have the stakers check ETH chain and then a sort of mint or burn type system. The part where governance is needed is on ETH side so you could choose the top stakers and give them ability to sign off on mint but it's really a critical question because you also don't want them all agreeing to mint BLK out of nowhere lol.

The "trustless" way to do it is have a group post a bond or something that can get slashed if posted chain hash data is false (similar to a rollup) but that's too much work for the time being (not to mention cost of ETH TX fees) and really a multisig with trusted nodes is a faster way to get the job done. Still, who pays the ETH fees to hop on to the bridge? Users? Maybe better off on other bridged networks until fees drop.

I have an airdrop chainz scanning tool that scans the rich list, pulls out public keys and generates equivalent ETH addresses using same public key without even needing to inform the user about it so that makes for really fast setup for governance (you can do a sort of merkle tree airdrop for the allocation of governance based on BLK stake weight).

Anyways, I don't check this thread often however check in with me later in the year and it's possible I will have the BAY bridge done and you can copy it's mechanics(of course  minus the peg parts because BLK doesn't have a peg).

One advantage to being on ETH or BSC is you can use their smart contracts and also free listings on AMM exchanges like Pancake or Uniswap. Of course thats not totally free because you need to put up liquidity.
12  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Blackcoin Protocol [BLK] | Home of PoS 3.0 | No ICO | No Pre-mine on: May 05, 2021, 06:59:14 AM
Any more news and exchange for Blackcoin? A little bit silent about BLK  Huh Huh

Hi, most people are active on the Discord server. https://discord.gg/hjNUgWD

Latest news.

- Listed on AtomicDEX.io
- BlackSight restored -https://node.blackcoin.io/insight/
- PayBLK restored - https://payblk.blackcoin.io
- Blackcoin More wallet updated - https://blackcoinmore.org
- blackcoin.nl blog running
- Blackcoin testnet running
- and probably more!

we are currently trying to add BLK to other DEX-es



You should consider a *trustless* bridge to Pancakeswap or Uniswap.
13  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg on: April 28, 2021, 07:50:15 PM
Got it, and what is the timeline again when the full version of what you just explained maybe finally ready to use? It will take a while I presume with all the testing that is required before a full launch?

I don't know, I'm not the one coding it. However I think by the end of the year a very functional version of it should exist. Before launch they have to prepare all of the marketing materials and such as well.
14  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg on: April 24, 2021, 11:13:55 AM
I see. Yes Forkdelta is expensive like hell. One transaction with gas to deposit ETH or tokens into the smart contract and one transaction with gas to again release tokens or ETH from the smart contract, making it available for the next transaction to another address (again fees). It's very expensive. Do you have an idea in USD terms what a transaction might cost if your plans play out?

Not yet however the exchange will be testing trades soon for beta. Alec should have a Telegram set up for updates if you are interested. The first tests are BTC based coins only though and any ETH stuff is added later once everything else is stable.
15  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg on: April 24, 2021, 11:11:38 AM
soooooo missing another bull run are we Sad

lol. sigh.

Unfortunately. The new plan is to bridge over to DEXes with watered down peg. I don't think that will be ready until the end of the year though.
16  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg on: April 21, 2021, 11:54:07 AM
For the DEX aspect of this project, do you have to recode your coins with additional code or can they be used on the Bitbay dex as is?

Well first we make a bridge that can connect us to Ethereum, Binance Smart Chain, Avalanche and others.
That would give us access to PancakeSwap at first among other DEXes

As for NightTrader exchange I should point out that project is not affiliated with BitBay, it's just a side project done by anonymous people. It will also be a DEX and the advantage of that project is that because it's multisignature DEX it will have a full orderbook which is an advantage over other implementations.

So currently those are the things going on. PancakeSwap was chosen because at first I thought a bridge was impossible because ETH costs were simply too high and my original design had "liquidity mixing" to save costs which actually made it incompatible with BAY (although arguably very nice for a new coin). However, I realized because Binance Chain was lower cost, it was possible to do peg shards with "microshards" and make them explicit(save each relevant value). Because even if fees are 20x more than a normal Solidity "ERC" token they are still affordable for decentralized exchange on Binance. ETH would only work if they add ZK-sync.

So yes that is the current news and it's good news. BAY may actually dig it's way out of the current bottleneck. The "bridge" would be a hard fork. The only drawback is initially the bridge would be a giant multisig or threshold key based on rich list (yet to be decided) until a more decentralized solution is found (maybe in the realm of zk-sync pushing some chain data if the project booms and can afford it). People don't seem to mind about bridges as they already use Bitcoin bridges. And besides, it's safer than going on a central exchange.

Another advantage of the bridge is ability to take advantage of smart contracts on other networks... treat their network like a sidechain in a sense. This lets devs do whatever they want without bloating our main chain.

Also as for BitBay, it already has the ability to be traded over the counter using double deposit escrow in the software itself (the markets client)... although because BAYR can't be used as deposits nobody is really using it. That is a DEX in of itself however limited by the collateral.


As for the full order book, how is it different compared to Ether/Forkdelta? Those are full order books too, right? Could the Night Trader dex be faster and cheaper than Forkdelta for example?

While everything you explain here sounds awesome, it also sounds ambitious. What do you think when will most of these technologies be coded, implemented and ready to use?

I'm not familiar with forkdelta however anything ETH based is expensive. I think this DEX would be cheaper because it's multisig and threshold sig so the funds only clear periodically and it routes debts.

I see. Yes Forkdelta is expensive like hell. One transaction with gas to deposit ETH or tokens into the smart contract and one transaction with gas to again release tokens or ETH from the smart contract, making it available for the next transaction to another address (again fees). It's very expensive. Do you have an idea in USD terms what a transaction might cost if your plans play out?

Considering the fact that it's multisig based I think it would be cheaper because nothing is broadcasted until clearance happens which maybe is ever week or so. However there would still be deposit and withdraw transaction for ETH tokens. Really his DEX is focused on decentralized Bitcoin based trades so they would be all types of BTC style UTXO coins. However adding compatibility with ETH is also possible and it would make it cheaper than almost any other ETH DEX (although I haven't checked all of them).
17  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg on: April 18, 2021, 01:28:53 PM
For the DEX aspect of this project, do you have to recode your coins with additional code or can they be used on the Bitbay dex as is?

Well first we make a bridge that can connect us to Ethereum, Binance Smart Chain, Avalanche and others.
That would give us access to PancakeSwap at first among other DEXes

As for NightTrader exchange I should point out that project is not affiliated with BitBay, it's just a side project done by anonymous people. It will also be a DEX and the advantage of that project is that because it's multisignature DEX it will have a full orderbook which is an advantage over other implementations.

So currently those are the things going on. PancakeSwap was chosen because at first I thought a bridge was impossible because ETH costs were simply too high and my original design had "liquidity mixing" to save costs which actually made it incompatible with BAY (although arguably very nice for a new coin). However, I realized because Binance Chain was lower cost, it was possible to do peg shards with "microshards" and make them explicit(save each relevant value). Because even if fees are 20x more than a normal Solidity "ERC" token they are still affordable for decentralized exchange on Binance. ETH would only work if they add ZK-sync.

So yes that is the current news and it's good news. BAY may actually dig it's way out of the current bottleneck. The "bridge" would be a hard fork. The only drawback is initially the bridge would be a giant multisig or threshold key based on rich list (yet to be decided) until a more decentralized solution is found (maybe in the realm of zk-sync pushing some chain data if the project booms and can afford it). People don't seem to mind about bridges as they already use Bitcoin bridges. And besides, it's safer than going on a central exchange.

Another advantage of the bridge is ability to take advantage of smart contracts on other networks... treat their network like a sidechain in a sense. This lets devs do whatever they want without bloating our main chain.

Also as for BitBay, it already has the ability to be traded over the counter using double deposit escrow in the software itself (the markets client)... although because BAYR can't be used as deposits nobody is really using it. That is a DEX in of itself however limited by the collateral.


As for the full order book, how is it different compared to Ether/Forkdelta? Those are full order books too, right? Could the Night Trader dex be faster and cheaper than Forkdelta for example?

While everything you explain here sounds awesome, it also sounds ambitious. What do you think when will most of these technologies be coded, implemented and ready to use?

I'm not familiar with forkdelta however anything ETH based is expensive. I think this DEX would be cheaper because it's multisig and threshold sig so the funds only clear periodically and it routes debts.
18  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg on: April 17, 2021, 01:11:56 PM
Understood. So if I don't use the advance sending, how will my reserve become liquid? is it a matter of time or is there anything I can do? All my balance has been in the wallet since 2017


Would anyone be able to give me more information about how a reserve becomes liquid? the same balance have been sitting in the same wallet since 2017 and only 0.003 % of my balance is liquid. Is moving it to ax exchange the only way to trigger the 1 month period for unfreezing the funds? would moving the reserve to a different private wallet trigger that 1 month period too?
Thank you in advance.

https://www.docdroid.net/d5wcK4D/dynamic-peg-visual-technical-reference-20190528.pdf

Take a look at that visual explainer. Reserve and liquid is determined by the supply and the users vote on the supply when they stake. When supply goes up the reserve turns into liquid. In QT you can see a chart of each input that tells you precisely when it changes. When you send reserve it is delayed by a month and that delay has no effect on it's chart. The one month is actually just a difference in speed from reserve to liquid to distinguish them and so sending them has no effect. You have to wait for supply to change by community consensus which usually happens because all the liquid gets bought up and demand increases.

Hi David, thanks for the link, the presentation is a nice complement to the Dynamic Peg whitepaper.

Now, I am usually able to ingest, process and understand technical documentation fairly quickly and have wrapped my head around the various consensus mechanisms, (self)governance models or scaling solutions of numerous projects in the crypto space, yet I still find myself lost, when it comes to how Liquid/Reserve BAY allocation goes, as part of the Dynamic Peg feature. I do apologize for that, I must be missing a piece, that - when filled in - will make everything just click for me.

From what I could gather, there tokens have various states, that have different voting weight in the network, and holders vote for a deflationatry or inflationary trend, ie. influence the circulating liquidity and price. I also understood that as an individual, I have no direct (better to say "instant") say as far as how many of my tokens are Liquid or Reserve. After checking back after three years I found, that only 0.8 BAY of my 20k holdings is liquid, so I did two test transfers, one to myself one to LAtoken, waited a month and found that the tokens were still (and now I know expectedly) Reserve. I need to understand, how I can participate in the voting (eg. through the wallet?), how often this takes place, basically how to gain control over my investment? I admit I plan to cash out marginally but still have a strong affinity to the project and would love to see it succeed! The decentralized marketplaces are the future and we need BitBay! I just need to understand this aspect of the tech better, could you give me a hand and do a ELI5 for this scenario?

Thank you for your kind understanding and time to answer my question.

D.

Well voting is simply done through staking making it provably fair. The more coins you have, the more you win stake with chances to cast votes. Votes are tallied after 3 hours or so... within that time a user could surely vote multiple times because they can win multiple stakes(although it's somewhat random). After those 3 or so hours the peg can go +1% or -1% up to 3 times depending the winning votes(if it was a landslide or not). So up to +3% or -3% total supply of entire economy.  The weight of fully liquid votes are increased dramatically when the supply is low and that is because the odds of liquid coins winning a stake are very low (because if you are 90% + deflated more coins are reserve). So the liquid coins can be up to 100 times the strength. This prevents reserve holders from bullying the system.

With that said however, it still works out to the people who have the most coins are usually going to dictate the supply (and they should because they have a much larger investment and more to lose)

And also consider the users usually choose "algorithm" and the algorithm can be changed by the community at any time. Currently the community has agreed to stay the course with the original plan which was to have liquid track 1/100000th the price of Bitcoins peak. At first this was 20 cents, then as BTC increased it pushed peg price up to 60 cents causing liquid holders to gain. We wanted to be inversely correlated to BTC so that we would "never lose"... when BTC goes down BAY peg STAYS the same price. This was in my opinion an awesome choice. However for it to really pop we need believers who put up the collateral trusting the peg will inflate upon a rise in demand.

Either way this strategy works because our supply matches our demand which is obviously low without any good exchanges. Once people start putting up real support supply will naturally skyrocket because of limited liquid coins in existence right now, so it makes sense users push price up above 60 cents (for example to 70 cents) and then that causes supply to inflate in order to correct the price back to 60 cents (the dynamic peg).

Also we did have something in the algorithm that would allow the floor price to increase if it rises up in price for a long sustained period of time. I have no idea what that time was but this maybe was made very strict that the new price floor was genuine, maybe for example a minimum supply increase was required or a certain number of days that would obviously cause major supply increase. The reason to make it hard to push up is because price increases should be genuine and not in response to a senseless pump on low volume... so to punish manipulators of the market. I would have to confirm with Craig or Yshurik if they remember what was decided on.

Anyways, for now it's pretty hard to fight against the algorithm because most users choose it. Although if the community wants to inflate or change the floor they can always start open forum and agree to do that at any time.

As painful as it may seem to have 99.99% of your coins in reserve consider that it is NOT painful for newbie investors who just came in and bought their first few hundred dollars in BAY. They get the knowledge that it will stay very close to BTC price and hold it's peak. Unfortunately, with no exchanges this strategy won't work... so we need to bridge to other networks.
19  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg on: April 06, 2021, 10:20:40 AM
For the DEX aspect of this project, do you have to recode your coins with additional code or can they be used on the Bitbay dex as is?

Well first we make a bridge that can connect us to Ethereum, Binance Smart Chain, Avalanche and others.
That would give us access to PancakeSwap at first among other DEXes

As for NightTrader exchange I should point out that project is not affiliated with BitBay, it's just a side project done by anonymous people. It will also be a DEX and the advantage of that project is that because it's multisignature DEX it will have a full orderbook which is an advantage over other implementations.

So currently those are the things going on. PancakeSwap was chosen because at first I thought a bridge was impossible because ETH costs were simply too high and my original design had "liquidity mixing" to save costs which actually made it incompatible with BAY (although arguably very nice for a new coin). However, I realized because Binance Chain was lower cost, it was possible to do peg shards with "microshards" and make them explicit(save each relevant value). Because even if fees are 20x more than a normal Solidity "ERC" token they are still affordable for decentralized exchange on Binance. ETH would only work if they add ZK-sync.

So yes that is the current news and it's good news. BAY may actually dig it's way out of the current bottleneck. The "bridge" would be a hard fork. The only drawback is initially the bridge would be a giant multisig or threshold key based on rich list (yet to be decided) until a more decentralized solution is found (maybe in the realm of zk-sync pushing some chain data if the project booms and can afford it). People don't seem to mind about bridges as they already use Bitcoin bridges. And besides, it's safer than going on a central exchange.

Another advantage of the bridge is ability to take advantage of smart contracts on other networks... treat their network like a sidechain in a sense. This lets devs do whatever they want without bloating our main chain.

Also as for BitBay, it already has the ability to be traded over the counter using double deposit escrow in the software itself (the markets client)... although because BAYR can't be used as deposits nobody is really using it. That is a DEX in of itself however limited by the collateral.
20  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg on: March 28, 2021, 04:49:24 AM
Understood. So if I don't use the advance sending, how will my reserve become liquid? is it a matter of time or is there anything I can do? All my balance has been in the wallet since 2017


Would anyone be able to give me more information about how a reserve becomes liquid? the same balance have been sitting in the same wallet since 2017 and only 0.003 % of my balance is liquid. Is moving it to ax exchange the only way to trigger the 1 month period for unfreezing the funds? would moving the reserve to a different private wallet trigger that 1 month period too?
Thank you in advance.

https://www.docdroid.net/d5wcK4D/dynamic-peg-visual-technical-reference-20190528.pdf

Take a look at that visual explainer. Reserve and liquid is determined by the supply and the users vote on the supply when they stake. When supply goes up the reserve turns into liquid. In QT you can see a chart of each input that tells you precisely when it changes. When you send reserve it is delayed by a month and that delay has no effect on it's chart. The one month is actually just a difference in speed from reserve to liquid to distinguish them and so sending them has no effect. You have to wait for supply to change by community consensus which usually happens because all the liquid gets bought up and demand increases.
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