3r197, thats exactly why its worth marketing this a little bit more. Perhaps its time for a few articles or even marketing to countries that have no way to buy crypto. 

And as for any community members who want to test with us, the sell coins template is released and buy coins will be released in a day or two so that will complete that entire template. And the remaining ones will follow shortly. But at least now, we have a decentralized p2p exchange for fiat which ends up being cheaper or equal to coinbase with a much larger potential reach.

Still rolling out templates. But we are getting closer. The sell coins template is done and will push out buy coins in a few days. After that we will see auctions and reverse auctions.

Thanks. For the icon, can you please use our new logo?

Yes pegging will be exclusive to Bitbay. And as much as i want to say that I will be in crypto forever, I've got to focus on my immediate promises which are already tons of work. I should mention, if a lot of time goes by, and we find that we have to open source, eventually people will want to audit the code and when that happens I can't promise this will not get forked.

However, right now its my priority to make sure the people who are still following this project get what they came for and obviously that means we will want to keep our advantage in the market for as long as possible.

Not to mention, if i release source too early, it will get used for the wrong reasons.

Hey there, yeah this is a really good question and I am glad you have asked it. The first question being primarily about BitHalo. First of all, as everyone knows, I don't market BitHalo. The only reason we ended up having articles on BitHalo was because many reporters don't want to do stories on altcoins and I do expect that to change one day. BitHalo may be the door that gets people interested in Blackcoin and Bitbay so we should not shut it! And thats why I still have an interest in it. However, coding/community/etc I dedicate my full time in BlackHalo and BitBay. Its all still powered by Halo though which is really your question. So...

Because of Halo core, they are similar products. Halos design was meant to be coin agnostic. To prove that we don't need fancy Etherium code hard coded into the blockchain interfering with decentralization and a coins ability to scale(bandwidth/bloat).

This is exactly why I've proposed features that are exclusive to BitBay and Blackcoin. There are two things that make BitBay unique. The first being its branding. People use "E-Bay" because because it is branded in a way that people think of markets when they do. BitBay has the name that I think will make people think of markets and economy. And NightTrader has a name that obviously make people think of trading/exchange.
As you pointed out, pegging is the exclusive feature.

However, pegging is the feature that I'm the most bullish on because of the fact that if you are selling something in the markets and it's low volume you don't want prices to decline in the middle of your transaction. And even if they do, you would want long term price growth. Also, the fact that there is two different asset classes (frozen/liquid) really opens tons of doors (lending against frozen assets, large swaps, etc). Even on discussions on slack we have yet to break the ice on how much can be done there.

Blackcoin will be the base currency for any exchanges on NightTrader and again is branded. They don't have the rigid peg system and thus appeals more to speculation (which is not really a bad thing). They can and might go in a more anonymous direction as they just released stealth addresses. Plus Blackcoin is a place where many coders look to fork proof of stake security which is rat4s territory.

So I have more control over BitBay and its protocol. In theory, I was hired to only be a project manager and now have had to completely take over the project to protect it. And I do hold enough BitBay to make it worth my while to see this one to the end. So I have more control here but I really don't have a favorite because I want both communities to prosper. In the end, I'm very bullish on pegging if it works out the way we plan. However NightTrader could prove to be popular. Right now I see people still throwing money at centralized exchanges unfortunately so I don't know we have to wait and see.

As for open source well that will happen when the time is right. It has to happen one day, but it certainly will not happen until I have a completed project and i will probably wait to see that things are in fact successful. When people fork an idea the original usually remains more popular anyways we can't count on being the only game in town forever.

For when I leave crypto thats more of a personal decision. To be honest, i really don't like coding alone, and programming is not great for my health. So i'm looking forward to completion. If this turns out to be profitable and it doesn't upset the forces that be too much, and I can find some coders then I will probably still have a hand in the project. Not to mention if it succeeds we may get interesting offers.

Since i have noticed that some people are installing the new updates anyways, im going to post it here. The first template "Sell Coins" is being tested. At bitbaymarket.net the download for windows contains the newest build.

The new build is extremely stable. It has translations to 92 languages with a language editor, the new UI for templates, major enhancements to the core of Bay and improvements to speed and performance especially with dropped connections on imap and new Bitmessage improvements. Also an improved pay to email system.

In order to install it, i would recommend uninstalling your old build. You should obviously back up your two keys if you havent already.

The new build has a link to the updater inside it so from now on you will never have to update again, the client will notify you when the version changes.

You might want to message them about this too. And make sure the transaction went through because if the txid is not in the block explorer then they failed at creating it or did not submit it.

Yeah of course! Its just that I'm giving them another day or so to test. And they are testing "Sell Coins" and I might want to release with both Sell and Buy. But if you guys want to start testing I can post it here.

The rest of the templates will be a lot faster now that i've finished the core changes

I know that this update is not good because of the lack of consensus used to obtain it, and the ip address issues. However, it also is not good that the Bitcoin "foundation" has almost forcefully kept Bitcoin in the stone ages and a few of them are so afraid to fork that they are causing the issues we see here today. They should be forking all the time improving the code so it will get bigger adoption.

However, I would like to point out that using Tor with Bitcoin is not safe. Because if a person controls enough exit nodes they can easily attack and it can also seriously jeopardize your anonymity.

Regardless, anti-ddos is one thing... tracking ip addresses and "prioritizing them" and having "blacklist" features is another and should never be allowed in the source.

The lightning network is a good idea, however that too should not need as drastic of a change as they say it would. Since you can daisy chain 2 of 2 multisig together there is a more decentralized way to do that(just routing ious). And also, it seems like a network like that would never get done before the end of the year securely.

If they really want, there should only be two features added. A block size update is perfectly fine but 8mb? Why so much? The problems we face immediately get solved if we double or quadruple it. Then they should add a feature which allows alerts for updates so future forks can be more frequent.

Also they should add checklocktimeverify so Bitcoin can actually start being more useful.

Yes, ive finished the new build, we are testing it now in the core group and the will release it. So its currently being tested on slack.

manually? You realize this is the world of computers right? Write a script for it. Or heck an "eth contract"... from the lack of comments on this forum it doesn't appear that you will ever have "100s of thousands of requests for 10 eth"

Maybe its time to pull this coin from exchanges.

Thanks cryptonit ^  

Bitbay is a fork of blackcoin watchonly branch. I've updated the source in Halo for a soft fork to checklocktimeverify but that must also be updated in the qt which it has not yet. Will eventually post my own qt source to github. Currently the qt is hosted by another github dev.

Anyways, its a fork of blackcoin staking at 1%. Although it seems like people are reporting getting more than that because there isn't enough people staking so now would be a good time to connect for that little bonus. It also keeps the network secure.

Will vouche for bitcoin42 personally. This guy is great, works hard and has been in the business for well over a year. Good job Alec! The atms are looking great!

Not in bittrex unfortunately. Exchanges don't use multisignature. But, when you keep coins off the exchange you can use two locations for staking and yes it certainly is a crypto first. Also, i definitely do not recommend keeping coins on exchanges. I lost like 3 btc on mintpal and 2 on bter and was lucky not to lose more. And im sure tons of people got wrecked at gox(.5 billion dollar theft).

So i think its best to just do your trades, withdraw immediately. Eventually Blackcoin will have a decentralized exchange using Halo (NightTrader) which is planned after template release.

Actually in an upcoming update you will be able to stake in the markets wallet which will allow you to stake from 2 locations. Security on a whole new level. And yes please stake. The rewards will probably be higher because there is less people staking. So its a huge bonus for people who have less coins, they will get a higher probability of finding blocks i think.

When i was testing the multisig staking i was shocked by how many blocks i was finding. Its one feature im very eager to get done.

And its good to be wary. People are not taking their financial security in bitcoin seriously enough. Most coins including bitcoin are very volative and people should always chose decentralized options over centralized ones. There is nothing in the markets wallet that relies on servers, nothing relies on anything but your own computer/node. Pure p2p.

Thanks for the support buddy. I'm coming out very soon with a new update. With the new templates orders will be able to stay longer on the markets (considering you remain connected) and you can track prices for fiat. This should encourage the markets in the client to populate.

I'm sure price wise people are only waiting for the news. Then others are waiting for pegging so they wont buy back in until later. So you know guys just hang tight, be patient we've got a lot of great updates prepared.

Also it should be noted that I'm trying to make larger updates instead of multiple small ones. This new update you will want to uninstall the markets client(not qt, that you can keep as is) and do a fresh install of the new markets client. The new one has an autoupdate link.

Large updates are better because im starting to make the software more commercial and i don't want people complaining about missing features.

We are about to test the first template on slack, its pretty exciting (buy/sell coins for cash) so that should happen shortly. I'm just testing those myself right now.

I talked to Horus, he was supposed to meet our group and then he got busy with something else. But one thing we have to consider is, once pegging starts we will need to reform our exchange relationships. (they would have to have bay and bayreserve and use the daemon to calculate all their trades)

Ahh just sent you a pm and then saw this. Okay well any questions you have we can answer on slack.

Please let me know the error. If this is from the qt wallet, you may have an input in the wallet that is not correct. Try running the qt wallet with the rescan option. If you sent a transaction with the old qt but it never confirmed then again the wallet itself may not know the inputs. If that is the case copy/backup your wallet.dat and reinstall the qt wallet and resynchronize with the new qt wallet. Also make sure you have no addresses in your wallet with a lowercase "b". If you  do let me know.

^ the pegging has been discussed in depth about how much liquidity we should have. I feel like volume is going to be more important than price in the end. I would rather see it where it takes 1 year to sell 1 million bay at .01 cents than it would be 5-10 years to sell 1 million at $1. But really thats up to the core community. I know munti is well versed on the subject. It would be nice to run some simulations to get an idea of the ideal rate of growth.

And of course marketing will always be important too, because having a product is half the battle.

But then again, if volume is high that would reflect demand and if it sustains high volume we could always test higher levels by voting. As for ETA, the templates was a much bigger update than anticipated. Not to mention ive created a translator that supports 92 languages. That forced me to update the strings to utf16 which was a little bit of a pain. Also, ive made tons of changes to the core and made it a lot more efficient. We are going to be testing a build with the first template this week.

After the first template is tested and we confirm price tracking of the usd works, guarantor contracts and all the user friendly stuff works, the others will be easier and faster for sure. Pegging gets worked on after that. After all, its best to have the product completely commercial.

In other words, the point is, this inflation/deflation freezing/unfreezing tool is probably my favorite idea in crypto. So yeah of course its worth working my ass off to get it completed regardless of anything else. After all, actions speak louder than words.