Thanks. Yeah July 4th will be the one year anniversary of the public beta of Halo! The templates in the new software are looking really great. Just tested the price tracker and it works very well. The plan is to release all of the templates (8 total) at once so the software is finally in its commercial form.

Trust me, you don't want Blackcoin on there.

This is a common problem with all Bitcoin forks. https://github.com/bitcoin/bitcoin/issues/2547

You need to delete the blockchain and synchronize again. Don't delete your wallet however and make sure you back that up.

Really? You should code it yourself then if you think its so easy.  You just don't know what you are talking about. Halo and BitBay is over 30,000 lines of code. Its still the only coin with decentralized markets.

Are you fudding this project or something? I spent way more than 15, there was hiring devs which amounted to at least 7,000 usd. I had 4 Cambodian devs who were not able to contribute much to the code unfortunately and one guy who attempted a refactor but failed because it was too complex for him. The dev fund was only 60, 20 of which was my cut. The 171 was paid to me for my dev work on the project. Which personally is not worth the abuse.

So at least 45 btc was spent over the past 8 months. As I told you I'm not even considering flights, expenses or anything else business related that ive paid out of pocket.

I'm actually doing dev work and the Halo software is worth millions. 100 btc was the original offer for my license alone not even considering all the overtime on my dev work. The dev fund was to help development and I'm working 80 hour work weeks, and I'm not abandoning the project. I'm sure once i finish calculating my hourly wage it will be less than if i had been working at McDonalds.

This project was started by other people. If you concern is lack of finances, then go hunt down Bob/Ryan who have 1000 BTC combined and did absolutely nothing except fud their own project. Not to mention bter who also has hardly contributed anything and they also got 191 BTC. When they left if I wasnt here, then nobody would even be running this thing. My goal is to finish the software as promised.

If you are sincerely interested in the software then stop distracting me, be more positive and get on slack.

That was posted at r/BitBay already. The news covered it and its in the chat logs. I got 191 BTC for Halo where 20 was deferred into a 100 btc dev fund. Bob and Gekko stole half of that by convincing Steven to pay a nonsense bill. Thus only 50 was left in that(they promised 500 but of course that never happened). At the end of the project, Steven released that fund to me and raised it to about 60(20 which was mine anyways). It was a multisig, but he gave me the second key eventually since he felt it was more secure that way. The multisig address was common knowledge the news covered this and it was posted on reddit.

The blockchain is easy to follow so I'm not sure what you mean by documents. Considering how it has been spent, there was developers in Cambodia which didn't work out, I've also paid one dev for a refactor which didn't work out. There has been many little things. So far, I've had to do all the developement and management. None of that was supposed to be my responsibility. Lastly, on slack we have run several bounties there was at least 10 BTC in costs for the new qt wallets, servers, bounties etc.
Another 5 BTC for the new site and the OP I'm also paying some towards which slack is also contributing. Mostly, I didn't always pay from the multisig account because Steven was hard to get a hold of.

So in answer to your question, I've been paying out of pocket for a while and those addresses including all my personal ones were already shown. Its not like any of the original people who were supposed to run the project are here anymore. None of those things were supposed to be my responsibility in the first place.

Not to mention any fiat expenses which really come out of pocket. The way I was hired was only to license Halo. Consider that I'm taking on responsibilities that were never supposed to be mine in the first place. I was supposed to be cloning Halo and project managing only and now I'm doing many more things.

OB has no way of preventing theft. They are trying to use traditional escrow meaning escrow agents can easily take the bitcoins for themselves. That simply does not work on an anonymous platform.

Also in reply to the post above, im not the one in control of this thread one of our slack members is. It seems like only one post was deleted and it was in regards to Bob so i can see how the mistake was made.

The whole purpose of two person escrow is to eliminate theft and deception from trade. The is no other way to send worldwide wires with a stranger and trust the deal will complete honestly. Furthermore, it reduces the cost of doing business because you don't have to pay an escrow agent to babysit the deal wasting his time listening to "he said she said" stories or complaints being forced to arbitrate and guess who is lying(which is impossible anyways).No matter what any other company does, I will always insist they do what is right and abandon centralized expensive and deception prone old escrow models. This includes OB.

Personally I hope they copy the Halo escrow model instead of stubbornly insisting on an old and model that history has proven time and time again to cost society trillions. If Mt. Gox had two of two multisig they would have never lost the .5 billion. If sheep marketplace had two party escrow they would have never lost 200 million dollars.

Read that again, almost 1 billion dollars. Almost 30% of Bitcoin was taken by a handful of thieves. So much for decentralized. If OB uses escrow agents it will happen again. Also, those agents will have absolutely no way of figuring out who is telling the truth in shipping disputes (use E-Bay empty box scams as a perfect example).

If ebay had two party escrow they would never have to deal with theft accusations, paypal reversals and shipping disputes. People would stop scamming people with shipments.

If farming co-ops had two party escrow they could trade without fiat or coins. They could purely trade commodities. Pure barter.

If telcom or any other industry that depended on wires had two party escrow they would save billions, and not have to stress over "which bank to choose, which escrow to use". Instead, Nigera could do deals with Greece regardless of the low trust level for their banking systems. Immediately trade is possible worldwide without any reason to trust.

Shippments would no longer be lost, and they would not have to wait YEARS for insurance payouts. In fact, that happened to a friend of mine who had 100,000 dollars in medical equipment stolen and he has been in lawsuits for almost a decade.

Two party escrow dramatically reduces lawsuits because nobody profits off of the theft or loss.

The only thing that matters is that this idea gets popular in society. Even though its not popular yet, that must change to end theft and deception from business deals.

Right in theory, about 99% of the altcoins have absolutely no purpose other than to speculate on it. That money should be in coins with development.

lol flappycoin

Thanks, i appreciate it. Hopefully one day people will start using bitbay/bitcoin instead of using it as a speculative asset. Then perhaps we might see people actually use products like this.

Not to mention BTER exchange and the missing btc... *sigh*  I lost 3 btc on there too.


Anyways, guys stay positive. Onwards and upwards. For those who arent on slack, we just made a new website(thats Meta and slack) and Im able to invest in that. Steven chipped in as well. Also we put the OP bounty to an infographic artist which will be useful and I'm still able to set some aside for other small marketing things once we finish everything.

The templates are coming along great. The selling and buying of coins will have a fiat price tracker. Buying and selling commodities will have regular and reverse auctions, there is python programmable contracts so you guys can make your own smart contracts. And finally there is a bartering system that can calculate pounds, kilograms and see what they are worth for in hours and commodities etc. So I'm looking forward to volunteers testing those out when they are done.

It will have shipping forms and all the fiat funding forms as well and the escrow window will be more functional. Finally the reputation system will be more mature and you should be able to check the escrow history of anyone on the blockchain. Once all that finishes I really think the project will be in a very marketable and commercial phase.

Perhaps. Ego is something we all have. Personally its immaterial to the discussion. Can you claim your comment is humble? (Obi Wan/lindeanin: "Don't try it I have the high ground")

At least I'm articulating the pros and cons and frustrations of venture capital. And if anything, the description ive given of the past was an understatement. If you knew how many times i have tried to find good help, you might see things another way.

Personally I dont know why VC overlooked Halo. I've had working smart contracts for over a year. Its funny because they would reach out to me and call all the time and talk about how they can cut big checks and then they would just disappear. (Did they expect me to chase them? I'm busy actually working instead of kowtowing to VC)

BitBay did raise funds, but i didnt see much of it(only about 200 btc) because it wasn't my project to begin with(although they slapped my name on it to raise funds even when I asked them not to). Out of the 5 people involved, 4 are gone and took their share of the ico(200 each) which didnt even raise what they said it did except for the 500 extra that Bob kept which he got under the table from BTER.

Personally they did nothing to earn the funds, and they should have contributed towards advertising and dev. They all promised to give back to dev and didnt. It shocks me that out of 4 people nobody had the decency to honor their word.

Although I have personally given back some to dev but have been unsuccessful in finding a dev capable of understanding the Halo source code. Its just too complex. So my attempt at hiring was a waste of BTC. So instead i do 100% of the dev work which is fine it just sort of sucks. In some ways it work faster this way.

As for VCs, well I think they are stupid for not investing. And now I personally don't want VC because I've talked to my colleagues about it and we think it will be a "Golden Cage" where they will force me to make money back for them and I could be stuck doing this for years and it will limit the things I can do to contribute. But I'm still open to discussion on it.

Also, how you said "its for businesses with business plans and teams". Halo does have a team, its just small. I've got a few people who volunteer on marketing and web and pr. I also wrote a 30 page business prospectus and executive summary and if you notice there is almost 30 pages of documentation that comes with the software.

The VCs that I did speak to were too intimidated by the software because it "is too useful/functional/too many features" and apparently they need a product that has only one feature because they are stupid and cant wrap their minds around products that actually exist. I guess they havent heard of "Adobe Photoshop" before.

Its easier to sell vaporware aparrently and Ive never been the kind of guy to look for handouts.

That is nice to know, happy to hear you have done well your first year in business! Keep up the good work.

There was no delay. You need to understand, software development takes time. And this whole pump+dump penny stock crypto environment is not a dev friendly environment.

Currently, if you see a few posts back, I'm finishing up the templates. That is a huge update which will make the markets commercial and user friendly... not to mention the addition of custom programmable python contracts for experienced users.

Pegging comes after that be patient, im working as quickly as possible, the source code is now over 30,000 lines, try to imagine how complex that is.

I should mention the templates will be out soon, those forms alone added many unique features and hundreds of new buttons.

Well just to let everyone know, they templates are the current task. The peg comes after that because the Markets will be fully commercial and marketable. And they are coming along. Its an extreme amount of work. The templates created 5,000 new lines of UI alone. There are probably 300 new buttons at least so its a lot of work. Ive wrote some scripts to do some in bulk but there is a lot to do. Also with my bartering and python contract templates, they should take a decent amount of time.

So hopefully I can get this done soon.

The distribution is known pretty much. There was two people with about 15%... we saw that cut in half.

As for accumulation its easy. Just dont sell to them. Then again when we finish the heding system this whalewars thing will be a thing of the past... it wont be so easy to change market perception.

Thanks, if you want to collaborate with us on slack pm me your email. Also if you need help navigating the new wallet and decentralized markets, let us know and one of the members can walk you through it.

please pm me with your email

Because the core group is waiting for the next round of updates. So yeah its quiet but perhaps actions speak louder than words.

I've still got lots of work to do.  

I just wanted to say to everyone who follows this thread, thanks for the words of support and encouragement. It helps keep me motivated. This update is a lot more complex than I estimated. There is 100s of new little buttons and functions. True, the templates are just forms but they help with calculations and there will be many new features because of this. Its going to be my most commercial release. So no release date for this, just be patient, I will try and code this every day. Im going to make sure on this release to try and get all mac and linux versions working. Since last time it was only about 50-75% of mac/linux platforms.