Just an update for cross platform builds:

Finally got Mac 32 bit working... it was a long day. Mac 32 was a hassle since so many things arent supported for whatever license issues or who knows.

Linux 32 and 64 bit builds now work, everything should work on many platforms (we have tested wheezy debian ubuntu and jessie)

So for now I've only got one more to finish we should still have the by the 30th although packaging them is a little bit of work.
This build will not come with the new template however it has tons of fixes and most importantly opens our user base.

The coding of the template should come with much more ease after that.

It also looks like multisignature staking will require a fork to POS 3.0

I'm trying to understand block signing a bit better, but it seems like we will just fork eventually. Since Cold Staking requires an extra output to 6a with the
block sign key (unless I'm not doing it correctly or there is an error in the source)... in that case I would need another way to sign the block or just wait or fix it which might be a distraction.
Too bad since staking generates more coins in POS 2.0

For now, I can test this in BlackHalo however since I hold less coins there live testing is a lot slower (an hour to find a block)
Will do those live tests today or tomorrow and finish the Mac 64 bit build.

Lastly I need to make myself building scripts so I'm not making 15 different builds (BitHalo BlackHalo BitBay for all 5 platforms 3 times for each build!)
I've already got a windows script which I made last month for faster building. However, running at least 4 VMs these other ones take longer.

So we are on schedule! Give or take a couple days. And after this template work will be easier since there will be less distractions unless we encounter new bugs with Linux/Mac distros(hopefully its all good).

Yeah this is true. Slack can be pretty active sometimes and others bitcointalk is active. Lately though it looks like we got a lot of new members.

Maybe you didnt set up the conf file right. Its probably something simple. You can also build the qt wallet from the github https://github.com/dzimbeck/bitbay. The simplest way to move your coins and the most secure is to use the markets wallet.
Just move the coins to the markets wallet. In the markets wallet there is a conf file in the bitbaydata directory and its already set up with the newest nodes.

To the few people who have waited 6 months for an updated Linux build. Tested on 32 bit wheezy the newest version of BitBay/Halo and it worked like a charm. Will have 32 and 64 bit ready for the next release planned in a few weeks. Sorry for the delay. Have 6 different build environments now and lots of new scripts to set these up on any system now. Things going very smooth indeed. 

I dunno, exchanges come and go. Perhaps its the one with volume because the others disappeared. But thats not necessarily a good thing. We need a decentralized exchange

Its the python stepic library and i also hexlify the data and pad it. So yeah only Bitbays or BitHalos "key to image" feature would do it. Ive tested it, you just right click on the image you see here and save it... its a png file (dont screenshot), use key to image, it will realize there is a file in there, then you tell it where to extract, open the zip let out the keys, load the keys hit rescan and spend the funds to yourself before someone else does. Its a race in a sense.

Nope you didn't do anything wrong. Just hit the rescan button. Its because you have a fully synced client. The wallet.dat file only knows about transactions as they happen. So brand new accounts always need to use rescan if they already have a balance. (A byproduct of watchonly wallets in general)

You want a bigger hint?

Good point Bitcoin will be the next swiss bank

Right he was trying to say its not a big deal but it is.

NightTrader could end up being the first decentralized exchange

Yes its similar but i didnt know about Nash when i started.

Also this is basically Nash in software form. And in my system there is guarantor contracts and the deposits are completely adjustable and there is a reputation system. So its much more involved.

But the theory is the same as Nash, Ultimatum game etc etc

In other words, its game theory. And why not, when applied to the real world it results in the only contract in the world not backed up with a gun.

Name one decentralized exchange (especially one that supports all the coins)

Its possible to but 1-2 btc of bitbay using BitHalo or Btbay markets software. There is a coins for cash template that tracks the exact marketplace. And as you may know the contracts are unbreakable. If you ask some of the guys on slack they would be happy to sell to you direct for btc in Bithalo or cash via Bitbay. Because both sides put a deposit there is no way to scam

Yes my mistake there were several others. I sent Aetheros some pms, posted on their forums and reddit. They knew about the issue. Basically there was a node mutating messages because of how they left parts of it volatile. There was several other bugs. Those got fixed. There is a few more still but Bitmessage is going in the right direction

sidhujag is cool, he likes the Bitbay project, hes alway been very polite. Healthy debate is good, it helps us improve our software

Thanks for the extremely useful information. Will take a look. One thing i should mention is the mechanics of this peg will be a rolling peg. We will be able to increase the price to a target price and then hold for stability. The target price hasnt been decided, miners will vote on rates. So we will at first target price growth. The achievement is accomplished by freezing and unfreezing funds based on a global deflation rate

I have a moderation key that i can give out to prevent silk road type offers. However if we dont know about the market we cant moderate it.

There is also a barter template in Bitbay especially for gold for silver, corn for wheat, farm coops etc.

So the comparison to ebay is a bit narrow. This is more like Ebay, Reverse auctions, Freelancer, Craigslist, Localbitcoins, Smart Contracts, and Barter all rolled into one.

There are more reasons to not store cotracts on the blockchain besides bloat. Mostly they are peer to peer. Why store them on the blockchain? Using burn would require 100s if not 1000 outputs. Its tremendous bloat and a waste of fees.

Bloat can be reduced with a lightning network but for markets they are done in Bitmessage. And then two communication protocol options are used. Imap with pgp and Bitmessage with pgp.

You should research Bitmessage to see their protocol.

The double deposit of course goes on the blockchain but the nitty gritty non financial details doesnt belong on the blockchain.

TPTB, you cant force a commitment of funds unless you overengineer it with deposits for each bid.

So if you read my response notice where I said "Proof of burn"

In other words if we find people backing out of bids, we can force them to burn funds to secure it.

In other words, the auctioner and the auctionee can both do burns and we can even do them based on the size of the contract.

TPTB_need_war thank you and I appreciate your patience as well. I realize that this is
a very abstract problem and to market it to society is extremely challenging since it
totally changes the paradigm of agreement.

By the way, I want to agree with you. The whitepaper really needs a rewrite and so does
the documentation. The problem is, I'm working alone so to do that and code is hard
as hell.

Imagine that I have to take off my "nerd hat" and put on my "marketing hat"

Explaining things in a simple way that isn't confusing to a consumer is extremely challenging.

To be honest, I'm not skilled enough at that you are right.

The reason is, I love talking to people the way I think and without a filter. (which has
gotten me into trouble when I accidentally type things I don't truly mean... on impulse)


It is something I can do when spending the time on it though. After all Halo is a good brand,
you can put a Halo on a coin somehow making it "honor amongst theives". The symbol is a branding
strategy to be able to co-brand with popular projects that want to work with Halo (like Ethalo)

Despite all that, I can't be a one man army. Having slack has been helpful. Occasionally
volunteers come in and help (like the miraculous UI made by Sunwah in Blackcoin)
(Or Bitcoin42s Alec Hahn who magically appeared and made my sites for free)
so I'm grateful for the occasional assistance. Very much so.

I'm happy to talk about collaborative efforts. Although I forewarn you that I'm dead set on
honoring my word here at Bitbay, Blackcoin etc no matter how many jobs have to be passed up.

The thing I think will set you at ease is that this is not vaporware. We can do a contract
in Bitbay, you can see for yourself it working. The source code is auditable... although if you
want to build from source I change variable names. This is how I was able to prevent cloning and
people who wanted to make dark markets out of this.

Since you asked, I can explain why there is not a flaw with the empty box and i will explain auctions.
But I should add, I limit my time every day on my browser with a plugin. This throttles my internet
and doesn't let me spend more than 10 minutes a day on social media including BCT and I honestly
need to focus on work. I will add you on LinkedIn though we can talk through email etc.

Okay so the empty box:
Bob wants to buy a guitar, he deposits 100 usd deposit 100 usd advanced payment.
Alice wants to sell a guitar, she deposits 100 usd (to prevent empty box and extortion)

When she sends an empty box, Bob will obviously be extremely angry. He will request a refund
and if Alice refuses any sane person would destroy the escrow or cancel the contract (both
will get deposits back)

In no scenario could I imagine Bob giving Alice 100 dollars to save himself 100 dollars. If Bob
does that he honestly deserves to lose that money. Bob is too weak, a complete pussy rewarding
Alice for lying. This cannot be good behavior. In fact it is people like Bob who are why politics
tramples people with propaganda. This whole "benefit of the doubt" attitude where people reward theives
out of kindness or weakness or "turning a blind eye" or "acquiescing" is exactly why society is
upside down in the first place.

What would happen is, Alice sends and empty Bob and if she refuses to work with Bob he will
certainly let the escrow expire. He will lose 200, she will lose 100. (you could have made
her put up a little more)

There IS a reputation system in place that checks the result of transactions and puts it in
a database. So it already reads to blockchain to make sure no contracts blow up.

The "extortion attack" doesn't work so well not only because of the reputation system but because
in order for Alice to WANT to extort it needs to be profitable long term and I guarantee you it
is not. Many more people will blow up Alices money out of extreme anger for her transgressions.

The whole point here is really mathematical probability:
What is more likely? A risky extortion attack that you need to pull off MORE than 50% of the time
to screw people out of money?

OR simply stealing peoples shit on Ebay with ZERO risk of getting caught because nobody can prove
you didn't put the guitar in the box, not even USPTO (put rocks in it, it will weight the same).

In the above case of theft 100% of the time it works. Mt Gox is a good example. I assure you
if Mark Karpeles had to put up deposits to accept wire transactions for BTC then he would have
never in his right mind stolen the funds. (although he claims he was set up but if thats true
why not return the WIRES since those weren't in BTC)

Also the laziness problem or the missing counterparty problem. The good news is, you can give
the contracts file to your wife or friend and they can manage them for you since all accounts are
multisig and there is no way to steal an escrow or an account with 1/2 a key.

Also, there is a time limit the is arranged before the deal. So if you fear that issue make the expiry
a month or two months. Its extremely rare that I communicate with someone who is never around for
two months. This is also why you have the option to supply additional contact info. (spouses and
friends might be a good idea to have for backup options in case you are hospitalized)

I think the above scenario would be more of a learning curve than an inherent flaw ^

By the way, "people going missing" or "being lazy" is a much much much much more serious FLAW in traditional
outsourcing. Becuase I've dealt with it. Dont get me started on how !@$%ed up freelancers and outsourcers
are!!! They procrastinate, they lie about credentials, they take WEEKS to respond.
Using ODESK or FREELANCER for example is a nightmare! They waste weeks, months of your time! Time I would
have gladly paid money to GET BACK. Nothing is more valuable than time, and people who waste it deserve
a default.

This is why I have a template dedicated to EMPLOYMENT because if there was a way to punish people who
waste my time, I would. Also this has been successfully tested with a quick refactor job in BlackHalo
and guess what? The guy who would normally procrastinate on me was forced to send me weekly updates.
Escrow extensions can be automated in that template. We did it manually. When i gave him too many
extensions (because he got lazy after 3 weeks) then I would have been happy to default. The contract
ended and saved me so much time and pain from waiting another X months to hear a response from
yet another lazy contractor!!

As for auctions, its really quite simple. There is TWO auction styles being worked on in Bitbay/Halo


The first is normal auctions.

Bob lists the product and waits for bids. Those bids are signed of course (anything that gets to the market
is signed) and Bob will then sign a message back with the highest bid.

Its in Bobs best interest to post accurate bids. If both parties sign their bid, everyone can check
that the values indeed match. So faking this would be pointless and difficult to do.

Bob accepts the highest bidder, because there is more money in it for him.

IF we see people trolling auctions, we can require them to BURN funds to Bid. For the first version
of auctions, I'm not going to force a burn... simply because its scope creep and I need to finish all
my templates.

So its really simple.

The next method is REVERSE auctions.

Basically a person wants to BUY a product (Bob wants a guitar)... but Bob wants the BEST PRICE!
So, he can again burn funds securing the auction and then let bids come in.

He will want to take the lowest bidder but a higher bidder might offer a nicer guitar! I'm sort of debating
how to sort these offers in my user interface. Do I let Bob take lowest bids that seem favorable?
Or do force Bob to take the lowest bid? No point to the reverse auction if Bob is asked to buy a broken
guitar. So best to probably list all bids as counter-offers. The whole point of the bidding is to simply
alert the MARKET of the current prices accurately.