Actually the lied thats how. When i talked to Steven he said they would hire devs. I told them i was involved in Blackcoin and could not do all the coding because i wanted to finish NightTrader but i did want the work since i was doing Blackcoin for free sort of a labor of love or something. So i was already in Asia hiring devs for the NT project and figured if that didn't work out they said they had devs with BTER. I even talked to Lin and he told me that. So it was hard for me to imagine that nobody would help me. They got paid and left. Thats so wrong on so many levels i dont know where to begin and end with it.

Actually its a huge regret of mine that i didnt demand to be in control of finances. But there was BTER and i doubted the exchange would put their reputation on the line. They had a lot of volume after all. And i was afraid i would not get hired at all if i was too demanding and i liked that fact that it wasnt a silk road type setup so i just sort of went with it. But yet it was very stupid of me not to ask for more, its just i had never gotten a contract that big before so from my perspective it was a blessing. And i didnt ask enough questions.

Okay so on to BAY2.

There is another problem i see with that. If it was an ICO, then it sets me up again for possible sabotage and not to mention fudding and insults on the bitcointalk thread. It could effect how much is raised and for me would be personally stressful.

Also since i dont have any coders working with me, the problem is promising an investor something new, most successful ICOs have at least 2-3 people and partners you know. I dont trust anyone anymore unless Vitalik himself wants to do it. hahaha I know hes busy so... yeah.

So yeah you know even if it raised for example 200 btc... thats not enough for more than 1-2 coders and if they cant hit their target in a year the money is gone and im still stuck doing all the work. Besides, i would have to train them too.

So for it to really be successful it would need a few million dollars. Like you saw what Lisk funded?? They can hire some nice coders for that!! They really will do great if they handle those funds responsibly.

The problem with wallets of the theives is its hard to track once they get split up. If you look at Mt Gox that was .5 billion dollars! They should have honestly rolled back the blockchain. It was seriously worth it because that was 30% of the coins in circulation. In our case the problem was mostly with the bitcoins.

In fact, more than 50% of bitcoins in existence have been stolen (mt gox .5 bil, sheep market 100 mil, silk road a few hundred mil, mintpal bter cryptorush cryptsi and so many others)

So it really is an issue even in Bitcoin

Well I'm not against a relaunch per se but i dont want to be unfair to all of you original investors. So i really hate the idea of injecting new coins into this project. And another fund raising is not a good idea because i have a hard time hiring anyways and so the money would not really be enough to make a major coding impact. Ive tried to ask for people to help introduce me to PR contacts and most importantly bloggers who would like to get paid to write about us, and wanted to hold a PR bounty but usually my suggestions sort of get ignored on slack... we have not found anyone to do it. But surely i can and want to set a bounty for that.

So im not sure what a BAY2 would be except a rebrand with the same coins for everyone and since we have not pegged yet there is not really a need to worry about it until we are at that point later this year.

What was the problem with Crypti? I invested in Lisk because i liked their site and concept. But then i saw Crypti and wondered why that project was so unpopular.

Yes but nobody will use BTER because they stole multiple millions of dollars from their cold wallet or something like this. I lost 3 btc there.

Why not just pay the exchange to get listed then? After we lost BTER we lost all our volume... its unfortunate.

So we need a new chinese exchange. I can put up a .25 btc bounty to find one and help with any cover charge. We could definitely use more volume.

By the way, just because Eth pumped doesnt mean anything. BLK pumped several times and everyone was excited, big deal.

If crypto had 1/1000th the volume of wall street these conversations would be very different.

And what goes up, must come down. The future currency will be one that controls its own supply. Applications should be in the form of a side chain. Lisk has the right idea there.

Yeah however Etherium is a bloated protocol. It cant be both a decentralized application and payment network.

Let me explain how serious of a problem this is. Bitcoin cannot even store BASIC TRANSACTIONS on the blockchain without grinding to a halt and sparking a huge blockchain size debate. This actualy problem is increased 10-20 fold if you think you are going to store applications in a decentralized way??? You would be out of your mind to think that.

This is why i've never agreed with the Eth business model of "selling dreams without solutions". And investors are apathetic saying "Oh its okay bandwidth will catch up"

But it wont. Etherium to survive will have to centralize and that is absolutely no good as a payment network.

So actually the blockchain is only good for notary, possibly validating a side chain and reporting errors.

So in all honestly the future is in the lightning network, a P2P debt transfer protocol. Something that allows peers to avoid reporting to the blockchain by transferring trust in time locks.

Etherium storing software on the blockchain?? Ridiculous. Imagine having to download all of youtube to watch a single video. The scalaing problem is very serious.

I do like the fact that they can augment the scripting system so in that respect Bitcoin and all its clones are dinosaurs. But Etherium cannot possibly be a solution because it cannot be decentralized in its proposed state.

The current version has already had smart contracts for 2 years. The newest one is actually very stable and fast. However, I need to update the daemon from the POS 3 fork. (You could build that yourself too)

This version of BlackHalo has decentralized markets as well.

So the goals this year:

Implement the cold staking technique
Finish the remaining templates (currently only custom smart contracts and cash for coins template is live)
And after all templates, I'm still working on NightTraders beta.

The challenge in NightTrader I've had is latency, if i finish the microtrader it will require time to complete trades so i dont want to release a product if people arent using it.

Regardless, I'm making it with either microtrading or perhaps a variation on atomic trades or multisig exchange. The drawback to multisig exchange is i take on some liability because our servers participate. Microtrading is fully decentralized but consider some transactions might take up to 10-20 trades. Imagine waiting for a trade to finish when involved in Bitcoin (days! no fun)

Bitbay will also get their much anticipated pegging.



The problem? My guy who did my marketing moved on to do a completely different business after I paid him.

So we have no marketing in BLK or in BAY or not even for BitHalo or NightTrader.

I cant code and market, coding is so much work i dont even have time to trade and that has costed quite a bit.

And sorry guys that I don't visit Bitcointalk much, I am usually on r/Blackcoin

Speaking of marketing we have a new site for Blackcoin at davtonia.com/blackcoin but its been hard to convince Gritt to help me push the redirect link back. Things like this are exactly what holds back our marketing.

Its been 2 years and we are still using the old site.

I think there is an important point here to also mention

Halo is a protocol in game theory... if anything it has less to do with crypto. You can do a Halo DDE contract with a Safe with two locks and dynamite and cash inside from two parties and a timer on the safe.

Etherium is a blockchain language like bitcoin

you can do Halo on any blockchain because its a method

Bitbay is software that runs that coin agnostic protocol and Decentralized Markets, soon will control its own supply
BitHalo and BlackHalo also do that but they dont control their supply, they just run Halo p2p software

So I could easily make an Etherium Halo or Ethalo

So the core difference between bitbay and etherium?

Etherium is a decentralized application system that will eventually have to centralize to survive because of bloat

Bitbay is a Blackcoin 3.0 clone that is more scalable since its not storing apps  and it can control its own supply

The economists said the future of money is a coin that can control its own supply. Etherium does not do this making it not as viable for a stable currency

So Etherium is a decentralized application distribute platform and an expensive one at that (gas fees will get to be unbearable in the same way bitcoin fees are now unbearable for low priced items)

Bitcoin is more of a currency than Etherium although Etherium has more complex ways to interact with that money, its rules are different based on each application. It doesn't control its own supply like Bitbay, so that is a huge advantage for us.


Perhaps the biggest thing we need and dont have is popularity... that we need marketing. The idea can be good but people need to know it exists.

Etherium isn't any better. They are trying to store computer code on the blockchain which is too much bloat. I think Lisk has a better idea subcontracting that to side chains.

And lets say you are right, Etherium has fancy code. So how can that prevent me from lying to them or stealing from them?!

The smart contracts we do are double deposit escrow. Heres the example...

In Etherium Bob and Alice make a contract that Bob will pay 10 Eth for Alices guitar. And the contract says it will do it on the condition that they
get some special hash from a shipping website proving the item was shipped.

So wow! They can prove it was shipped and release the funds. But just because something is shipped doesn't make that what you ORDERED. What if Alice lies and sends a box filled with rocks??? Now Bob is forced to pay for something he didn't want and there is nothing he can do because Eth thinks its legitimate.

Computers are extremely easy to lie to. Even with prediction markets, they would have to pull from many different new feeds and broadcast that, this requires human intelligence. What if the news feed is taken out of context? They want to know if "John Smith" will die within 2 years. What if there is an article that says "John Smith died of laughter at the superbowl when he saw the half time show."  Will Etherium think hes dead?

What if there are 1000s of people with the name John Smith?

The only way to prevent the shipping scam with the box of rocks is to use DEPOSITS. If Etherium wants to protect consumers, their smart contracts must be Halo contracts anyways.


What if Bob/Alice want to trade Gold for Silver? How will Etherium know about the real world deliverable?

What if Bob/Alice want to wire money from one country to another? How will Etherium know if the money was sent with the correct amount?

What if Bob wants to hire Alice to mow his lawn? How will Etherium know he did that and how will it know he did a good job?

It wont! The only way to do trustless contracting is with deposits even in Etherium!!

I'm not saying Etherium isnt good for some things. Perhaps they have certain derivative applications, it would be wonderful for a pyramid pay contract, it would be great for business accounts that pay dividends, for businesses that need voting and different classes of shares.

So sure, its useful for some things but the applications we have in Bitbay we are using the perfect contract and i highly doubt you can improve this protocol.

If anything Etherium is extremely bloated, Bitcoin was having 24 hour delays on confirmations and they only send normal transactions. Imagine how much Etherium will grind to a halt if they let people store complex computer code!!

And what about infinite loops or bugs in the contracts? They can't even be sure its secure code, the Frontier site warns that its experimental.

Also you should tell them Bay and Halo have had smart contracts tested and working for years and we have a user interface that they can use with decentralized markets and everything. Just because Etherium has a protocol where is the software that does what Halo does? Do they realize it will take a person years to code what we have done here? Trust me, there will not be smart contracting software like this for at least another 2-3 years.

Also, what you told them is right, they won't have to worry about price swings. There was a famous economist who said long before bitcoin that the future currency will be an electronic one with the ability to control its own supply

To be honest, I'm not sure, I've got to reproduce this on one of my computers. The fix might be that I change the seed nodes and see if that fixes it... it might just be a little bit of trial and error.

Can we get on it?

I'm trying to get everything done this year, because I can't really move on until I do plus it will be very rewarding when its all done.

And I'm already working on a decentralized exchange in Blackcoin called NightTrader... the only reason that won't be the primary exchange is since its decentralized trades won't be as fast since it microtrades.

Sure so here is the timeline:
New patches and Mac and Linux updates (coming very soon)
Buy/Sell Anything Template
Employ/Find Job Template
Barter Template
Python Contracts Template
Staking in client/Completion of Halo Alpha
NT exchange beta
Pegging

It stands for "No such Agency"

and NASA stands for "No astronauts should apply" and "Never a straight answer" and "No actual space exploration"

and CIA stands for " Corrupt Imperialist Assholes" and also "Cocaine importation agency"

FBI stands for "Fake beyond imagination"

IRS is "I rape suckers"

FEMA stands for "Future Eradication Management Agenda"

Let me know if you guys know any other ones

rat4s pos 3.0 requires you to stay connected to get your staking benefits, it does away with coin age.

Yeah it is.

Posp? I don't know if it really changes anything in the protocol. POS 3.0 is what we will be going to. I would prefer to do a proof of activity kind of thing but im not sure any coin has mastered that or not.

1% is high in my opinion. High inflation doesn't really solve any problem except make our coins less valuable.

I should also mention, cisco routers supposedly have a chip in them that can be turned on to spy on anyone. This means all of the hardware we use might be compromised as well. Again making a great case for 3d printed electronics. Too bad technology isnt there yet. Maybe in another 10 years though.
http://arstechnica.com/tech-policy/2014/05/photos-of-an-nsa-upgrade-factory-show-cisco-router-getting-implant/

Although it would be hard to take anything that Snowden says seriously... lol he worked for nsa so its probably a deliberate reveal. An nsa whistleblower would be like a virgin hooker... it simply cannot exist. Plus, ive heard him interviewed, its a complete joke on everyone to get them more fearful and security conscious.

Actually I have a drive double encrypted with truecrypt. I dont use Tor anymore since its compromised, but if I did I would use Tails or a Linux system like you recommended. Although I think it can be done with Windows 7 actually. The whole thing really boils down to your IP address. Certainly there are devices you can use that can grab nearby wifi signals and use them for free internet.

Windows 10 just shows how far our freedoms are being violated. Its too much, the things running the world arent even really human i think.

Live i said in a previous post, the future of our privacy will lie in the hand of 3d printed electronics, which could be used to do a mesh network. I've got a slight interest in cellphone mesh networks as well.


You guys have to understand, I built Halo with your security and encryption in mind. Encrypted emails are end to end encrypted. And bitmessage is encrypted twice and your IP is well hidden since messages are passed around making original sender hard or perhaps impossible to find.
The accounts are hidden in images with individual passwords and signing can be asymmetric making hacking of your keys impossible.

Its a shame Tor is compromised... they must control enough of the exit nodes or something. (or so the rumor goes)
This is why Halo doesnt use Tor. In fact, combining Tor with bitcoin is a huge mistake since exit nodes can feed you false blockchain data and they can match up to your ip address.

i2p has also been a little interesting

But the only way to really get rid of your ip is mesh networks or perhaps leeching off of other wifi 3g and 4g systems.

On a sidenote, Truecrypt is not compromised although the creators were probably given a gag order as the hid a Latin message in their warning page. https://www.grahamcluley.com/2014/06/truecrypt-hidden-message/

The fact that they recommend a microsoft product in its place is down right insulting

Unless all of our encryption is somehow cracked using some crazy math and cryptoanalysis?! I don't know.