In your site you state the following:
There are a lot of people in the world who don’t have access to modern financial services, but that shouldn’t disqualify them from participating in online commerce.
For example, there are tens of millions of people living in places like the Philippines, Nicaragua or China who have Internet access but who can’t open bank accounts or get credit cards. (...)
BitBay believes that this is simply not fair. Its primary objective is to allow users to improve their lives by giving them the ability to buy and sell products online safely and securely.
So part of your plan is to give this people the ability to buy and sell products, the problem is, I couldn't find any clear explanation of your action plan.
Does this mean you will teach these people how to buy criptos (without a modern financial service)? or will you teach them about mining criptos?
Not sure if they do but what if ebay or amazon add a bitcoin payment option? what is going to be your action plan if this happens?
I'd love to read your answers before I invest in the project. Thanks guys!
Good question! Well first of all, if EBay adds Bitcoin we still offer a different advantage over them because we use unbreakable contracts using double deposit escrow. That's a huge advantage. Also Halo and Bitbay have the best wallet security of any coin. Since all accounts are multisig and you can pay using a cold wallet by using two computers to sign transactions and store your keys in images it's great for people who live in areas without trust. Realize in 3rd world countries they have no trust. Even packages get taken. However with double deposit they now have a way to trust each other regardless of if they live in a democracy, kingdom, dictatorship, or anarchy. This does require education and the only way that happens is exposing them to Bitbay. The good news is, Bitbay is the ONLY software that translates to 92 languages love in the software. So anyone can read instructions on how to use this programs, the smart contracts and the markets. The rest is simply marketing. |
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I've tried to read some of the posts, I can see that the developers are devoted to this project and are very keen on making it successful but one thing I noted here is that you guys don't talk about the marketing side of it, no matter how solid a project is if nobody is out there to use it the effort invested into it will not be rewarded. I read a post that the developer of Bitbay developed smart contract ahead of Ethereum but to me Ethereum guys get this right because they got marketing/publicity side of their project right and they become successful. I have no doubt there is a market gap for Bitbay to fill but we need to understand that marketing a product is a important as developing it if not more important.
I agree. Ethereum did marketing before development. I did development before marketing. Was it a mistake? I don't know. However we can bridge that gap. We need bots and PR and community growth. The question is when do we do it and what do we start with. I was thinking get a few articles written. |
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Or use double deposit to trade cross chain.
I've saw where you briefly mention cross chain before - I think it was in the Documentation file in the Help tab of the Client. Could you better explain how this cross chain system could work? I think you mentioned that cross chaining would actually be more anon than any other coins current anon feature. Is it only possible with Night Trader? NightTrader would automate it. But yeah it can be done. You just trade any coin for any other coin. You use DDE to simply allow micropayment channel. Then because the two chains are unrelated it's as anonymous as switching accounts. They give you BTC for Doge for example with Bay as deposit. Now you guys are on a new chain. It's like switching alibi's. |
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quite happy with latest developments with Bay. this might be interesting that Polo delisting some coins so there might be a chance Bay to get listed on Polo. https://twitter.com/PoloniexThanks Not with the hoarding that is going on here and no buying nor selling. Poloniex are looking for volume coins not 0.5btc max a day coins. Try staying in the top 3 of bittrex for a few months and then hit the twitter and slack etc. Good luck, my couple of million hide in my image but client deleted from my computer. Maybe one day I come back and treat David to a beer for his hard work and allowing me to buy new car? I think polo will list bay when it becomes apparent no other coins can provide what bay can provide in such a efficient manner. Is there no way david of making bitbay tokens ringsig based for the entire marketplace to become private?? or is this not essential or advisable? There may be but Monero is just a fad pump. They are on cryptonote a different protocol. Plus Bitcoin is already anonymous. Accounts don't have names. If you use a dark market with an anon address but send your mailing address it just killed your anon!! Much bigger risk there. Otherwise the deal is private and there is no need to worry. Plus to be anon just exchange coins on an exchange withdraw to a new address. Or use double deposit to trade cross chain. But still, sure I want more anon functions. Maybe we can use another coins anon feature when we finish. Also I doubt an anon feature would get a price rise. We have smart contracts and decentralized markets and still no price rise. Is Dogecoin better than Bitbay?? Absolutely not. It's almost sick that this coin isn't higher with the hundreds of features we have. But that is just the way things are for now. When we finish everything the coin pegs and the supply can reflect volume. |
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Is there any active developer behind this project? I decided today to read and know more about this project, because anytime I visited syscoin thread someone will make mention of Bitbay and compare the project with syscoin, and since syscoin is gaining alot of traction of recent, I decided to check up another alternative, if the theory behind Dash and Monero can be applied to Bitbay and Syscoin. Please I need more information on this project
Have you been reading the thread? Of course there is active developement. I'm the developer. I'm also the developer of BitHalo/BlackHalo ( www.BitHalo.org) which was the worlds first smart contracting platform years before Ethereum. Also we had decentralized markets on year ahead of syscoin and one year ahead of Open Bazaar. So also, the worlds first. So I'm not sure I would call it an "alternative". Its built on Bitmessage, so its P2P and not blockchain based which makes it much more anonymous (arguably more than Tor) and doesn't have the issues of bloat. If you read up, you will see there is 20-30 more little features built in to Halo. I've been working on it for 3 years at least. It doesn't get the media attention ETH does because I'm working alone without a marketing team. Despite that, we had smart contracts which are totally unbreakable using deposits on the BITCOIN blockchain years before proposals like Rootstock or others. So yeah download the client and see for yourself. The guys here would be happy to test contracts with you. |
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Which client do you recommend to use in order to store BitBay - beta market client or qt client? Edit: nvm, found the answer here - http://bitbay.market/downloads/If you are staking, Bitbay QT. If you want decentralized markets and security, the markets wallet. |
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Looks like some nice accumulation on bter!
Why what sort of volume has bter been getting for bay? I have not seen any on bittrex and that is the exchange I thought would have had the volume if any. The new stable release is already out. We haven't made a fuzz about it because there are no new features in this one. But it did fix the last minor bugs. The next one will add new templates. That's gonna be a big one  good to know, i missed it! as far as i remember ico price was around 200 - 230 satoshi The ICO price was answered above. If you would rather the exact then here.. 252-264 satoshi -Day 1 264-276 satoshi -Day 2 276-288 satoshi -Day 3 288-300 satoshi -Day 4 300 satoshi -Day 5 It had a little pump from what I remember to 350. The price is very undervalued at the moment but good luck buying a stack without raising the price a lot. Someone/'s hold a lot of this coin. Only real development will boost the price going up, I don't know are the team members are still behind this project. Ive been developing this for almost 2 years. Im still behind it because the investors paid based on my tech and name. So its not relevant to me if the founders of the project left and kept funds. They can burn in hell. I do what i got paid to do. Because the investors paid to see decentralized markets and they HAVE decentralized markets. Bitbay was the worlds first decentralized markets. They will also be the first decentralized rolling peg. The other investors who became part of the team help BECAUSE they see developement! Unlike other coins which dont have developement, investors have seen updates, releases, improvements and new features. So they stay on the team and help when they can. |
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By the way, the latest update we need to check to see if everything works. We thought that maybe the Bitbay market wasn't being added but it appears to work fine. It would be nice to see some tests with fresh installations. Because if so, the is no bugs at all. We can confirm that the next update will be settings and another template.
So whomever is down to test the newest build with a fresh install and submit a few tests to the market would be appreciated. PM me any feedback or let us know on slack.
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when will this coin be %5 of a dollar?
How about never. This has been ruined by someone who is clueless how the market works. Judging by the books and stagnation I'd say one person owns well over 50% now if that was a whale that new the game, this could rocket! However, as I said someone who is clueless is holding them. That same person will destroy their investment lol because there is no room for proper players to get in without taking the price to levels where this coin is not worth and will not give them room to profit. All in all, this coin will die because of that big holder and the volume will always remain as terrible as it is now. Message to big holder........ You are killing your own investment lol You realize this coin will be pegged right? Making the scenario you mentioned above impossible. It won't matter if a whale holds 75% even still the coin will force value by freezing supply by voting. That's the whole point. If you don't understand you will need big players to push this forward then all I can say is good luck. Who the hell is going to know that the peg has begun when it only has a few inside investors. It is a shame because you look like you reached the market first but others have caught the boat so to speak. Good luck either way, you work well. ALOT of people know the pegging is coming and if you have a general interest in Crypto you should be aware of Bitbays decentralised market and its forthcoming rolling peg system!? A lot of people are waiting to see if David can pull this off and if he does (which he will) it will be a game changer and will attract a lot of interest from a lot of people. Crypto is a big risk and if you have a lot of money, investing a lot makes it more riskier! So these people want to see it working before ploughing vast amounts of money into it. If alot of people knew the peg was coming then the market would be on fire because of the previous updates David has delivered on. It would not need to be released to get the ball rolling, in the game I play we buy on rumor and sell on news not the other way around. You've actually made a good point. Finishing the pegging takes time (I'm still coding templates and cold staking). So when people see that done and they hear progress on slack then the volume will pick up and it will be self evident. Smart investors are patient. Some may come in later, that's no big deal. Pushing it forward isn't needed (aka pumpers and market makers). That's the point of the rolling peg. Of course volume is awesome but the purpose of this code is to make the market maker irrelevant. In theory I could back it myself by deflating/freezing and then slowly unfreezing as volume increases. But sure when investors come in because they know it's almost done, cool. However an investor would be foolish not to watch this project. |
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Yeah it's pretty exciting stuff. One of the reasons it takes so much time is the security of the system, performance of the client and also the complexity of decentralizing these things. Also because I'm the only coder, when life gets in the way, it causes delays. Regardless, this month I'm back to coding full time.
For example, Bitcoin has been working on the lightning network for years, companies such as 21 and others. Ideas that seem simple can prove to take lots of time to code. Also, in a perfect world I would love to start over from scratch with a team. Knowing what I know now about blockchains. It would be awesome to rewrite Bitcoin. There are so many ideas but it would only work if I wasn't the only coder.
It's not a surprise that we are seeing the rise of centralized blockchain such as Steemit. And we will see many more in the next 10 years. As predicted.
Yeah so this is why decentralized exchanges, side chains, notary, lightning networks and pegging systems are so crucial
Altcoins have the advantage of testing faster, forking easier, and trying new ideas.
The rolling peg is simple in theory however, it has tons of small features. The biggest challenge was finding a protocol that was decentralized and secure. The method chosen is really awesome. I want to write a paper on it, but some of the core members have advised me to wait before the release so it doesn't get used by the competition. It is tempting though.
Also thanks to everyone who still follows this project. Thanks for your loyalty. It really helps drive the project forward.
You scammed so many coins, and do nothing release, you and your balckshitcoin are both dead,. And how did you spend the fund? All on drugs and hookers?? Funny accusation from a new profile. Yet decentralized markets were released in Bitbay being a year ahead of OpenBazaar. But if your definition of scam is doing really hard work for money then okay. If I did drugs then I would not have time nor the focus to code. To me scamming is what Bob Ryan Lin and Steven did... taking money and doing absolutely nothing. Well actually I consider that theft but okay. But people who fud and propagandize to me are lower than thieves. No soul, no value, less significant than mosquitoes. |
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Yeah it's pretty exciting stuff. One of the reasons it takes so much time is the security of the system, performance of the client and also the complexity of decentralizing these things. Also because I'm the only coder, when life gets in the way, it causes delays. Regardless, this month I'm back to coding full time.
For example, Bitcoin has been working on the lightning network for years, companies such as 21 and others. Ideas that seem simple can prove to take lots of time to code. Also, in a perfect world I would love to start over from scratch with a team. Knowing what I know now about blockchains. It would be awesome to rewrite Bitcoin. There are so many ideas but it would only work if I wasn't the only coder.
It's not a surprise that we are seeing the rise of centralized blockchain such as Steemit. And we will see many more in the next 10 years. As predicted.
Yeah so this is why decentralized exchanges, side chains, notary, lightning networks and pegging systems are so crucial
Altcoins have the advantage of testing faster, forking easier, and trying new ideas.
The rolling peg is simple in theory however, it has tons of small features. The biggest challenge was finding a protocol that was decentralized and secure. The method chosen is really awesome. I want to write a paper on it, but some of the core members have advised me to wait before the release so it doesn't get used by the competition. It is tempting though.
Also thanks to everyone who still follows this project. Thanks for your loyalty. It really helps drive the project forward.
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when will this coin be %5 of a dollar?
How about never. This has been ruined by someone who is clueless how the market works. Judging by the books and stagnation I'd say one person owns well over 50% now if that was a whale that new the game, this could rocket! However, as I said someone who is clueless is holding them. That same person will destroy their investment lol because there is no room for proper players to get in without taking the price to levels where this coin is not worth and will not give them room to profit. All in all, this coin will die because of that big holder and the volume will always remain as terrible as it is now. Message to big holder........ You are killing your own investment lol You realize this coin will be pegged right? Making the scenario you mentioned above impossible. It won't matter if a whale holds 75% even still the coin will force value by freezing supply by voting. That's the whole point. |
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What can we do for relaunch this coin to the moon??? ...i have to buy home guys....  Maybe make some donations? For hiring developers and a marketing guy? Or maybe even some additional ICO using our bays, considering that the price today is extra low? Dangerous idea (scam accusations and so on), but ICO's today work like a great promotion. It's like new beginning. With pegging im not sure thats needed. But if we find low volume we can consider doing another round after everything is complete. BY THE WAY, there is a new build being done today. I will release it first on slack and then here. So this version is really great. Fixed some windows 10 issues and fonts and a variety of disconnect issues and so forth. Next version out is the settings panel and most likely a new template. Also will be testing cold staking and we can decide to fork now or later. |
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Any plans for yobit? They seem to be gaining in audience.
I would fill in the application form but don't wouldn't know what to put.
Yeah sure, lets go on! The more the merrier. I doubt they have minimum volume requirements? |
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I'm not a big investor and I only put in a small amount at the moment and I'll add some more money soon. The money I put in here were profits from trading a few other Altcoins and I like to diversify my portfolio and I like the look of this coin so that's why I decided to invest here.
Thats cool! Great to have you on board man. There is tons of cool features already in the client. Its the only software with a full interface for smart contracts and other useful features. Let me know if you ever want anyone to walk you through the client.  |
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Hey everyone, this month i had to move (if you wondered why there was a delay). I'm all settled now mostly. And will be pushing out the most reliable release yet. It runs very well. I did get some coding done while doing the move. Then expect that i will finish staking/voting and special spending options with the next template. This may mean the settings menu will be active as well. This will be in the update after. |
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Hey David!
Looks like bittrex has a verified coin group now.
When you get a free moment, any chance you could email bittrex the proof of developer status of BitBay?
Did you hear back? We are listed on the "proof of dev" website. They should have added us before. |
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Will we ever see 300 sat again david?    Why cant you use some of your btc you got from the ico to put up a buy wall and help us investors who have been waiting years for you to do something. YEARS and still this project is no further today then it was on day 1. Why don't you investors that have been waiting for years help both David and yourself? Buy wall doesn't solve much. But spreading the word, translating, and all those other tedious tasks that need to be done, now that would help us all. And this project has developed a lot since day 1. Test the client, and you will see for yourself. this guy looks like one of Bobs troll guys looking at his past thread posts. This is the second of the week . .seems they are paying attention to us again!? Of course. Their goal is to hurt/propagandize altcoins and altcoin devs. It's nice to know that there is nothing they can do to stop computer code. |
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Will we ever see 300 sat again david? Why cant you use some of your btc you got from the ico to put up a buy wall and help us investors who have been waiting years for you to do something. YEARS and still this project is no further today then it was on day 1. No further? What the hell are you talking about? |
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Thanks and yes it certainly is. Thanks to all the testers we were able to greatly improve the client. Its getting pretty ironclad. Most bugs ironed out. Currently I'm working on some font and spacing issues. Its coming along nicely. Should push out a new update soon. Within a week.
You see the awesome work you are doing and the sweet and clean client, new updates in a week and nobody knows what is coming up except this thread!? You may not like it but the projects that thrive create hype for their updates and so they should, these updates especially. You have leader advantage so you really need to make the most of that David. I would hate to see this not take off and it would not be because of lack of development. Take sys for instance new development is known all over the exchanges and in the process create new followers and nice volume which attracts more. Good luck, hit me with a pm and maybe I can throw some ideas at ya. Thanks for the advice, yeah I agree. Its just hard to hype while coding and also taking care of my personal business. A bit overwhelming. We should come up with a better marketing strategy, I could really use help in that department. |
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