It usually checks a server for internet connectivity... in your screenshot it said it wasn't connected to the internet. The Markets client is where all the action is so perhaps it's best to check why. You can activate the debug file in settings and then restart the program and let it try to connect and if it fails then close it and send a file it will generate called c:\bitbay\debug.txt

It looks like you were not connected to the internet intermittently. Because you said it was saying only 6%. Please go to your history tab and let me know
if it says it see if it thinks it's connected. Also what country are you from? Some countries have firewall.

Please PM me debug.log in c:\bitbay\bitbaydata

The manipulation is widespread too. It's making me sort of miss the old days when all thousand coins on the market didn't obviously coordinate buys and sells.
The exchanges must be in on it as well as the news. Pick any two coins on the market with nothing in common and yet their charts may as well be identical.

Yeah that's true, they list coins even when they don't have software and sometimes their web page is down and then somehow the coin has millions in volume. They also list ICOs that haven't proven that they didn't fake their funding giving them free reign to park at the top of coinmarketcap. The exchanges are no better and in my opinion they are the ones who are allowing this as they knowingly list coins that don't have unique products (and many times there is no product at all).

Yeah we have already started testing it. For now it's just addresses that we whitelist that run the database which enforces it on a software level. All the features pretty much work. However we have to make double sure so we test things like contracts and exotic spending for example. Since this change effected almost every part of the software. Also there is getting a feel for the user experience on an exchange.

You can track voting addresses by looking at the chain or just sign up to be a tester by sending your address and hopping on Slack. I should mention, I broke my Linux build and won't be able to get back to fixing that for a little bit so unless you build Linux yourself, it's recommended to test Windows and Mac for the next few weeks.

I hope to god you are right. Because most of those ICOs are faking their funding. They don't always raise millions because they buy their own ICOs. But they get that fake marketcap and partner with their exchange friends and then wash trade and dump the rest of their coins. It's so bad.

I wish that Coinmarketcap would require a unique working product and stop listing useless ERC-20 tokens and useless web pages without products. Having a product should be a REQUIREMENT to get free advertising regardless of how much you raise. Otherwise they are knowingly giving scams free advertising with their fake marketcaps.

Even the ones that do raise funds are doing so without software from naive investors and it's fairly hard to watch over and over again as people line up to give money to complete strangers.

Well the technology is new so we will just have to see. However I think almost everyone here agrees that when you control supply in a fair way and bears aren't able to slaughter the orderbooks on the exchanges as easily then the currency itself is much more stable.

The idea is that supply should be in harmony with volume.

Yeah that's a good point. The soft peg is not promising any specific price. So because the supply is dynamic it can adjust to any market condition. The only thing it really needs beyond that is volume.

Okay so I double checked what you said. This is extremely weird. So most coins that are POW will list circulating supply and "Max supply". Some simply don't mention max supply because there is no max. So okay if you look at Bitcoin it shows 17 million circulating, 21 million maximum. Litecoin 57 million and 84 million. I've check with quite a few coins on this. So here is whats weird... BitTube says 80 million circulating and 82 million "Total". Why does it say "Total" and not maximum? Is this a mistake on coinmarketcap behalf? I have no clue what they even mean by "total". However this is obviously misleading regardless of whose fault it is. This might not even be the fault of BitTube, but it is indeed pretty weird, they should ask CMC to correct it. I don't think so many investors lose money necessarily because of this though. After all the bear market wiped out about 90% off the face of almost all popular altcoins.

From reading a blog on BitTube I saw them explain their supply curve and it looks about the same as other projects. It's definitely not the best supply curve but it's not the worst (Zcash was the worst I had ever seen for early investors).

Other than that, there is probably no reason to bother this project... the marketcap is already pretty low. Best to just cut your losses and move on man. I personally do really like the idea of using IPFS with a DPOS type of system and giving mining rewards to people who watch with their computer or post videos. As for this project, I've got no clue. There is d.tube and bit.tube and I am not entirely sure what the differences are. However it is a step in the right direction as long as there is absolutely no moderation whatsoever, I think there should actually be no copyright protection (why, the internet should be free... monetize elsewhere). Also I think the drawback of any system similar to DPOS is too few nodes so any system that tries this should do blockchain pruning and share block rewards and let block size be dynamic. That way it scales and isn't centralized whatsoever.

I'm a bit bummed out by everyone trying to capitalize on the crypto boom when they should be focusing on innovating and pushing technology forward. Also it's even more disheartening to see investors not invest in projects that do hard work and make working software. I've been dealing with this issue for over 4 years ever since I released BitHalo(which is free software). But still if this particular project focuses on innovation and technicals purely without any centralization whatsoever then it's all good and I hope it does well. Someone should probably check all the code too because I think too often people aren't vetting code on all these crypto projects.

Well, it's not an ERC-20 token. And doing the peg I'm not even sure it's possible to write a contract on their network that does this. Also Ethereum is way too bloated and will eventually centralize. In order for a person to trade between ERC-20 and BitBay they only need to do atomic swap. Although Solidity is an interesting language, it's a little bit buggy. In my humble opinion contracts are better done sandboxed and preapproved through a hash in the output and a payload of whatever information needed to the contract which would require a fork. However those things aren't as important as scaling the chain at least not for now because we already have contracts that have tons of real world use cases.

Yeah your coins are fine, it only restricts how many coins you can spend. However if you want just move a smaller amount of coins to a new account. Basically the things we will need to test are as follows:

Wait for coins to freeze, send all of the liquid coins to a new address, then wait for the frozen coins to unfreeze and spend them to the new address
Try to send two transactions with the same nlocktime in the same block from the same account and see if it gets declined (advanced)
Do the above and then try to do a special transaction where reserve funds are moved using a one month freeze
Deliberately park liquid coins with a 3 month lock
Contracts with recently unfrozen funds (they should get declined unless enough liquidity is made available)
Let a contract expire during broadcast by letting things freeze beyond what the buffer was
Let a counter offer freeze beyond what the buffer was and make sure the contract expires
Basic contracts (a buffer should be enforced to anticipate future freeze unless very liquid coins are used)
In a contract, let the balance freeze beyond 10% compound and then ensure the previous signed withdraw request expires
The user experience of coins freezing and unfreezing
Watching the balance for a slight change in liquidity within 10 blocks of a rate change (you should see a slight change in reserve for a small percent of funds)
Exotic spend (time locks) and seeing when they get spent or filtered and letting a small amount of it freeze (so we can double check it's withdrawn properly)
Pay to email (because even if it freezes it will do a reserve transfer where a small amount locks for a month)
Employment contracts and automated payments. (should work the same but we want to check that)
Voting and the voting algorithm
Setting your own algorithm (if we have time)
Custom voting

This is probably not the entire list but those are the basics... waiting for things to freeze and unfreeze and seeing how the software reacts to those situations
And yeah as for safety, I've been doing the accounting on Halo for years and never had an issue. However we will look over all the changes and make sure
everything is squeaky clean.

I'm not sure about FUD but it is true that if the supply increases a lot and inflates then it can cause serious negative price pressure and is bad for investors. I like the idea of IPFS for videos as YouTube has a serious problem with censorship. However if Coinmarkcap didn't list the correct supply that is a little bit misleading. Regardless of whose fault it is. Is the circulating supply that is listed accurate? If so then it's okay. And also when there is mining phases for example when Zcash had their "slow mine" it was a disaster for investors who would only see hyperinflation. I had mistakenly bought a Bitcoin of this not knowing the issue with the supply and lost about 80% on it in a very short period of time. Actually I saw when the "FUD" was happening and actually sort of agreed with it (but I held anyways knowing it would go down like the guy said since everything was tanking and I had already bought in). However I looked for clarification on the issue of supply and whether or not all the coins had been mined yet or if it was subject to some big inflation and didn't find any answer. I admit, my search was very lazy because I was so busy coding.

I'm a dev and so I'm not here to talk about this project in a bad light. I like the idea... bit.tube or d.tube or whatever platforms attempt this I hope there will be a successful one. However is there any clarification on what happened with the supply? Was there a mining phase and how subject was it to inflation? Why was the actual circulating supply so low on Coinmarketcap and then when will the supply be capped out at the maximum and how fast will the supply inflate? Because it would be nice to know that.

Also how decentralized are these systems really? How is d.tube different from bit.tube or are they just clones? I think d.tube is built on Steemit right? If so then it's just DPOS. And this means that each user hosts their own videos and just seeds some sort of torrent? Actually I don't know too much about IPFS because I've never coded with it. From my cursory analysis it looked similar to torrent hosting. So if a user goes offline so does his video? Does the search de-index videos when they are not online? And how are they indexed on the blockchain? Is this chain the same DPOS based or what is it based on?

Excuse the questions, I might even forget to return and check the response haha. However if anyone knows would be nice to get an answer.

BitHalo does this and has been running since 2014. It's two party escrow. Both parties put a deposit, if either one cheats the deal they lose their funds. No escrow agent and completely impossible to break the contracts and gain from it. BitBay implements this system I'm the dev of both. It was even used to sell real estate without escrow. Of course it spans beyond that to sales, employment, shipping, barter, etc, etc.

So I'm going to need some addresses for testers to whitelist. This testing takes place on mainnet but is only enforced by the software.

The things we will test will range from contracts, balance as it varies for the peg, voting, advanced sending like moving frozen funds, GUI and user experience stuff and so forth.

The testers must only be running Halo so for now, no QT testers are needed.

There is a good chance we will set up a "mock" exchange pair in one of our community members exchanges. This can test the actual trading experience
so that way we know it's acceptable for exchanges.

If you wish to take part in this testing, please PM me your address for the Markets/Halo client. Also it would be nice if you join Slack if you aren't
already on there so you can run contracts with other users.

Thanks for your patience everyone, the peg is pretty much almost complete.  

I'm not so sure this is the same kind of shakeout. It seems like groups (most likely exchanges) have manipulated the market and viciously pumped it and then wiped out everyones profits. That combined with fraudulent ICO projects that didn't have a product and no real marketcap getting free money from naive
investors and then taking that money which they didn't work for and selling ETH and effectively BTC.

I'm not so sure we have seen the boom yet actually. Consider only 5% of Americans hold Bitcoin and there isn't even dividend paying cryptos yet or cryptos for companies.

Unlike automobiles money has similar utility to the internet or basic goods like electricity or water. Crypto is fast, liquid and can be used to notarize. Not to mention this stuff could replace the stock market eventually because it attracts international investment with relative ease. So as long as governments don't snuff it out (which it seems like they are actually interested in helping crypto move forward) then we haven't seen the boom.

Well hopefully we see volume on Komodo and Blocknet however if we really have to, activating swaps in BitHalo would be useful when the peg is in place
and users simply need a safe haven to get Bay when the market is uncertain. 

Good question. Our software already does atomic swaps with "exotic spend" in the advanced spending menu. All I would have to do is activate it in BitHalo so users can just switch from BitHalo to BitBay and trade peer to peer. We don't really need an orderbook to do it, just build in some GUI support for the offer/counter and automate the trade. Any automation is a bit of work about the same time frame as what a single template usually takes me.

What I mean by this is if you look at "exotic spend" here is how an atomic swap would happen manually.

First a user creates a timelocked transaction with a hash puzzle. Then he funds it (only he knows the secret answer to the puzzle). Lets say for example he does a two week timelock back to himself as long as the other party knows the answer, they can spend it.

Next the other party funds the same type of timelock but this time using BitHalo with a one week timelock and same hash puzzle. This means the BitBay user acts first. As long as he truly knows the answer he would redeem it. Otherwise it goes back to the Bitcoin user... totally safe for both sides.

Once he spends it, the Bitcoin user checks blockchain.info for the answer to the timelocked hash puzzle (it will show up in the script). Then he uses that one time password to redeem his coins in Bay. The fact that the timelocks were asynchronous lets the users take turns in completing the trade knowing that there is absolutely no way money can be stolen since they share the same answer to the puzzle and funds return if nobody acts.

No exchange, no transaction fees, just a pure p2p trustless trade.

Of course users want fast paced trading with high volume. But for the sake of argument, our software is really only one step away from activating it in Halo so it can be done manually. (I do need to patch it so it's more compatible with other coins by checking size of hash in bytes but that's an easy fix)

It would be nice to see a decentralized exchange. We are already on Komodo and Blocknet however they will need to fine tune the trading experience and start picking up some volume to compete with centralized exchanges.

Thanks I appreciate the encouragement. It's exciting to say the least. I'm almost done with the peg code just working on the client now. And yeah we do have a team of guys who work on the web implementation however it's a big task so we will just wait and see. It's a bit of a whirlwind to fund it while things are moving around so much. In January it had seemed we would not see this kind of bear market ever again but I guess the recent events has shown us.

I do agree with you about proven projects. When crypto goes mainstream as it's so close people will start to look at more serious proven projects with unique feature sets. We of course have unique features, we have ideas to scale as well and that is what we have tried to build over the years. Hopefully things turn around by the end of the year.

Almost overnight and each coin now moves in tandem. It really shows that the markets are heavily manipulated. It is very hard to believe this is some sort of coincidence. Sometimes makes me miss the old days.