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Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg
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on: June 10, 2018, 10:11:55 PM
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I don't know what he exactly meant, but off course many people are upset about the prise. And the sad thing is that no good news, great features or partnerships, no achievements affect the price any more. Only the real use of the coins or sometimes market manipulation. I am sad too because very soon I will have to sell most if not all of my bays just to pay for some things. I'm hoping for a miracle as bay pump or the growing of all alts. I don't believe that people will start using bays in too or three weeks. Well, at least I bought my bays at 60 sat years ago  Yeah well unfortunately the markets are being dragged around by Bitcoin and potential manipulations. I don't think we will see the end of it however the peg is almost coded. However brokering the right exchange relationship is still a challenge after it's completion and testing. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg
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on: June 10, 2018, 04:54:42 AM
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all talk, zero results yet. we'll see post results.
Have you downloaded the software lately? Zero results? This is our "wall of features" https://bitbay.market/wall-of-featuresThe software has unbreakable contracts for years since Halo (double deposit) and was even used to sell real estate in california without escrow The decentralized markets run on Bitmessage that are totally anonymous and don't bloat the chain have existed and worked fine since 2015 The software has IMAP and Bitmessage under the hood so I basically coded a Thunderbird ALL templates are done this means that Halo is done, Barter and Python contracts were the recent addition. There are 100s of little security features and it fuckin works! Aside from that, we have a bunch of new team members who did a really good web wallet, android wallet, electrum nodes, totally new website Rebranded, produced a nice commercial recently, have full time mailers and blogs and some of our group goes to conferences So I don't know what the hell you are talking about. I remember your name from the "Bob" days. If you and his group are salty that's not my problem however here unlike other projects I actually honor my word. I've delivered what was asked and only thing left is the peg. The thread you commented on (about blockchain scaling) is theoretical. We aren't competing in the "TPS" hype right now. That is simply because we haven't had the volume of transactions. If you are here to troll, you are trolling yourself because seriously all the investors here already like the project and I'm pretty sure if you have nothing constructive to add, nobody will care. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg
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on: June 08, 2018, 03:39:38 AM
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holy crap still alive? lol....wow.
sad.
You afraid of us? Working decentralized markets, all templates done, peg almost done as promised. Unless people have criticism that has some weight ie brings some observable events worthy of criticism their comments mean nothing. Bitbay is way way way ahead of other projects of our market cap and really is equal to those in the top 20 .........let's face it MOST of the top 100 caps are bullshit fake inflated caps that would implode like a rotting pumpkin if someone tried to cash out any significant % I think people think pos3 is old hat now (even though it may be a very strong design) they are all about high tps bullshit blockchain 3.0 (most of which just look like very centralised solutions). Yeah high every high tps I've seen is centralized or even worse closed source and vaporware. People throw around names like Hashgraph without actually checking if there is a working model or considering security design. But okay it's possible to increase transaction load if some of the major concerns are met. My concept was simply pruning the chain and benchmarking nodes with a reputation system. By the way cryptohunter you will be happy to know I'm coding the peg now and talked to Munti and we are strongly considering 2% interest if someone voluntarily freezes liquid coins and 1% for reserve coins and .25% for liquid but give liquid 3x voting power. We think this will incentivize frozen holders to not push the economy around to unfreeze without buying some liquid and in exchange they get higher interest. These numbers aren't exact yet but it seemed like something you would like. I know you like models that encourage hoarding. Btw, ignore Piston he is a shill I remember the name from the old days. Exactly David. Yes, the concept of pruning and benchmarking nodes with rep system sounds excellent and effective. Great news on the peg and for sure I do like to see incentives for investors to hold strong rather than attempting to churn constantly to increase their holdings. I like the idea of the more you lock down and the longer you lock them down for the more interest you get. For example it would be great (although perhaps crazy complex to implement) like you have a filed where you enter how many coins you will freeze and a field for duration of freezing then it shows you the interest you will get for that entire period then you hit confirm a couple of times and its done. Although I know when the layman announces such great plans the real coder and real designer sighs and thinks to himself if only these things were possible or even plausible  so yeah anything to give extra incentive to hold or lock up is great news david can't wait. Could you give just a brief (not detailed enough for copy cats to start getting ideas) outline of how the benchmarking and rep system of nodes could work. I'm guessing their hardware is given a stress test and they get a score and those with the fastest hardware would be the primary nodes. So a bit like dpos but not down to 12 nodes like some super centralised systems. The rep system is automated? according to downtime and other misbehaving factors? and will pass processing to the next most powerful nodes if more powerful nodes rep gets too low? do you think this along with a pruning option would enable bitbay to challenge these so called 3.0 projects with tps? also how long would something like that take to fully design, test and complete for bitbay? It would seem to be after that bitbay would have everything it would need to score higher or as highly as nearly every single project on this board in all important areas except perhaps anon which tbh is already coming under some pressure in several countries so it could almost be better to watch how that goes before even considering adding that. If we had such a design already planned out and on the road map I would expect we can expect to grab a bit of the tps hype before pegging. Would be good to have 1.5k -3k sats before the peg is activated. Well it's just ideas in my head, still unsure of what the best scaling solution is. However the idea is to give a POW to new nodes just to test their capacity. It should be a relatively easy POW that a computer that would be able to handle the TX load should do in between blocks. They could then publish this info to the chain. Then a node reputation system perhaps do something where nodes can confirm the honesty of another node that is doing POS maybe even tie this to IP address. Perhaps even include a harsh penalty for a bad transaction in a block such as a double spend. The penalty could perhaps be financial. It could be cryptographically proven since the previous block would contain the TX being violated. Then only really well established nodes (perhaps ones that have been in the network for years, staked many blocks, etc) can then choose to prune the chain and they can form a consensus on what the new block hash would be. The community can choose places to post these hashes to inform users who are downloading from a botnet or fake chain. I guess you can even share these via torrent. Eventually, you take this system and only allow nodes that can keep up with transaction load to stake blocks (based on reputation, their ability to handle traffic, etc). I think really you can prove they were able to handle it simply by the size of the block. The block size itself could be variable again based on the reputation system and perhaps with a limited maximum growth to prevent bad actors from overloading the chain. None of this is set in stone, they really are just ideas. No clue if or when they could be investigated. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg
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on: June 07, 2018, 07:20:15 AM
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holy crap still alive? lol....wow.
sad.
You afraid of us? Working decentralized markets, all templates done, peg almost done as promised. Unless people have criticism that has some weight ie brings some observable events worthy of criticism their comments mean nothing. Bitbay is way way way ahead of other projects of our market cap and really is equal to those in the top 20 .........let's face it MOST of the top 100 caps are bullshit fake inflated caps that would implode like a rotting pumpkin if someone tried to cash out any significant % I think people think pos3 is old hat now (even though it may be a very strong design) they are all about high tps bullshit blockchain 3.0 (most of which just look like very centralised solutions). Yeah high every high tps I've seen is centralized or even worse closed source and vaporware. People throw around names like Hashgraph without actually checking if there is a working model or considering security design. But okay it's possible to increase transaction load if some of the major concerns are met. My concept was simply pruning the chain and benchmarking nodes with a reputation system. By the way cryptohunter you will be happy to know I'm coding the peg now and talked to Munti and we are strongly considering 2% interest if someone voluntarily freezes liquid coins and 1% for reserve coins and .25% for liquid but give liquid 3x voting power. We think this will incentivize frozen holders to not push the economy around to unfreeze without buying some liquid and in exchange they get higher interest. These numbers aren't exact yet but it seemed like something you would like. I know you like models that encourage hoarding. Btw, ignore Piston he is a shill I remember the name from the old days. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg
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on: May 28, 2018, 08:41:13 PM
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Thanks for this answer David. As always the best dev out there bar none for keeping in touch with the community and answering questions.
Thanks, I appreciate it. I've made very good progress finishing both Employment and Python Templates and API. So all that is left is Barter. Then the peg. Then we broker some exchange relationships or something. That all sounds like great news... whilst most other projects are stuck and i see zero progress in weeks. I honestly believe we will break out from all these other projects that are actually going nowhere soon. The hype about new consensus mechanisms allowing huge tps numbers and fake ico high caps are all going to crash back to reality soon. lets just hope they don't take bitcoin with them when it happens |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg
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on: May 25, 2018, 11:07:34 PM
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Thanks for this answer David. As always the best dev out there bar none for keeping in touch with the community and answering questions.
Thanks, I appreciate it. I've made very good progress finishing both Employment and Python Templates and API. So all that is left is Barter. Then the peg. Then we broker some exchange relationships or something. Is there a description somewhere available how you are planning on implementing the peg mechanism? Also I have a 20 page whitepaper that is private simply because there is no reason to show the competition the technique until we are first to market. The concept is straightforward though. There is a total supply rate which is voted on to either freeze/unfreeze or inflate/deflate. Then users will see their liquidity of some of their funds change when they go to spend. There is an exception for sending frozen funds allowing them to be locked for a month or so which gives potential rise to a secondary market of frozen funds. Control over supply is by staking and casting votes, the votes will be weighted to slightly favor holders of liquid funds where we (might) give higher interest to frozen funds in exchange. Control over supply means control over price. Since we are allowing voting and basing our algorithm loosely off of a basket and possibly volume the peg can vary in price which is why we have called it a "moving peg" or "rolling peg" or "dynamic peg". The purpose of the tool is to survive crashes and give a way to see a stable price which gives Bitcoin holders a good hedge because they can hold BitBay and wait for storms to pass. Since we aren't set at a specific price the chances are they won't even lose any value while doing it (but they may lose some liquidity). |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg
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on: May 25, 2018, 07:50:38 AM
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I recently downloaded version 2.0.0.1 and resynced the whole blockchain 4 days ago but now it doesnt seem to go any further Im stuck on block number 1669812. It does not sync but I do have 16 connections to the network.
Must I download the wallet again and do a resync ?
If it ended up on an orphan chain that is possible. It can happen if you turn off the computer abruptly as well. Various reasons would require a resync but not a redownload. You can also try reindex. It depends on what it says in the debug.log |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg
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on: May 21, 2018, 09:16:44 PM
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crazy to see bay pushed well out of the top 200 now
this is very strange and with only 4btc volume on bittrex today
we need to come up with a bit of a plan to start bringing more awareness to this project.
I'm almost done with this template and will finish the API and Python contract ahead of schedule. All that is left is Barter. Then the peg. So I'm working as hard as I can. One thing to consider about being off page 2... is that there is a lot of scam projects filling up the charts. The fact that nobody is held accountable to the claims they raised X is whats causing fake marketcap to rise above real projects. This won't last in my opinion. Realize that 70 million was the top of page two a few months ago so the amount of bullshit to hit the charts lately is part of the issue. At least in my opinion. Of course David we all know you are working as hard as you can and the product itself is way way ahead of most of those even in the top 50. The constant updates and new features are there as promised. all these fake cap shit icos are sucking btc away from the real projects and it will not end well for those investards. I guess people are more impressed with bullshit newfangled consensus schemes that sacrifice decentralisation for some hyped up tps. Is there really any proof that there are any time tested new models that keep the same level of decentralisation and increase tps without going bloated super gigabyte chain size? isn't there always some trade offs either way that leave it questionable if it really is an improvement after all things are considered? Do we really believe eos ada and all the new crypto 3.0 projects are really worth it? And if we swapped over to something else would it require a huge amount of work to move bitbay marketplace off of pos3? Just before the peg is launched I have a great idea for boosting bitbay's awareness and popularity, although will require some whale donations to a marketing pot. Well we can revisit that when I finish the peg. So yeah as far as is sacrificing security for ease of use worth it? Probably not. Especially if it leads to centralization. However there are some things to be learned from their techniques for example like using faster servers to handle higher TPS and pruning the chain. And on some level some of those ideas can be used in a much more decentralized way (why not?). Also to change protocols isn't so hard since you really only need a snapshot of the chain. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg
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on: May 20, 2018, 03:55:08 AM
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Is it really one item in the marketplace or I don't see somehow? I heard that there could be a bug when you don't see, but I don't think that it can be so that you can see only one item and not the other.
There is about 7-8 items. The thing is you should leave the software running so it has time to see everything that gets broadcasted. Sometimes orders can get circulated and then those who weren't connected may take a day for it to get broadcast again while updating. Consider the markets are decentralized and serverless so unless you are always connected you might not see some orders. Also, we are working on our Bitmessage relay which is basically giving users the option to run a strong server node to relay the traffic to those who missed it and increase the speed. It will be needed for web markets. David, how long would it take someone to load the web marketplace if they are syncing for the first time. Well the marketplace doesn't "sync" but it does something similar when catching up with messages as they circulate and it can take up to a day in my experience. However another thing to consider is users refresh their orders every 2 days so it's possible a message falls out of circulation and then gets refreshed later. So definitely no longer than 48 hours. Once we have "master node" relay servers then we can immediately show some of the orders in the main markets. We have a prototype but so far we want to make more changes to it so it's also conducive for web based markets. Interesting. Will anyone be able to run a relay node by locking at bitbay as collateral? I'm wondering about that... what the rules would be for being a relay. Maybe we can do a collateral deal but then there would be some sort of profit system incentivizing them? So far we haven't really focused on that aspect. For now, I'm concerned about the basics of the system and engineering to scale. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg
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on: May 20, 2018, 03:53:41 AM
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crazy to see bay pushed well out of the top 200 now
this is very strange and with only 4btc volume on bittrex today
we need to come up with a bit of a plan to start bringing more awareness to this project.
I'm almost done with this template and will finish the API and Python contract ahead of schedule. All that is left is Barter. Then the peg. So I'm working as hard as I can. One thing to consider about being off page 2... is that there is a lot of scam projects filling up the charts. The fact that nobody is held accountable to the claims they raised X is whats causing fake marketcap to rise above real projects. This won't last in my opinion. Realize that 70 million was the top of page two a few months ago so the amount of bullshit to hit the charts lately is part of the issue. At least in my opinion. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg
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on: May 18, 2018, 12:22:22 AM
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Is it really one item in the marketplace or I don't see somehow? I heard that there could be a bug when you don't see, but I don't think that it can be so that you can see only one item and not the other.
There is about 7-8 items. The thing is you should leave the software running so it has time to see everything that gets broadcasted. Sometimes orders can get circulated and then those who weren't connected may take a day for it to get broadcast again while updating. Consider the markets are decentralized and serverless so unless you are always connected you might not see some orders. Also, we are working on our Bitmessage relay which is basically giving users the option to run a strong server node to relay the traffic to those who missed it and increase the speed. It will be needed for web markets. David, how long would it take someone to load the web marketplace if they are syncing for the first time. Well the marketplace doesn't "sync" but it does something similar when catching up with messages as they circulate and it can take up to a day in my experience. However another thing to consider is users refresh their orders every 2 days so it's possible a message falls out of circulation and then gets refreshed later. So definitely no longer than 48 hours. Once we have "master node" relay servers then we can immediately show some of the orders in the main markets. We have a prototype but so far we want to make more changes to it so it's also conducive for web based markets. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg
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on: May 15, 2018, 03:37:46 AM
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Is it really one item in the marketplace or I don't see somehow? I heard that there could be a bug when you don't see, but I don't think that it can be so that you can see only one item and not the other.
There is about 7-8 items. The thing is you should leave the software running so it has time to see everything that gets broadcasted. Sometimes orders can get circulated and then those who weren't connected may take a day for it to get broadcast again while updating. Consider the markets are decentralized and serverless so unless you are always connected you might not see some orders. Also, we are working on our Bitmessage relay which is basically giving users the option to run a strong server node to relay the traffic to those who missed it and increase the speed. It will be needed for web markets. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg
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on: May 07, 2018, 11:53:16 PM
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When is the dead line for claiming optitokens?
I mean i know the snapshot deadline was 1st of may but when is the claims deadline?
I cant see anything about the bitbay airdrop on their site?
i sent email as instructed 3 days ago and hasnt got anything yet. He isn't distributing coins yet and just to let everyone know I didn't see any concrete deadline. I'm sure he will be more than patient to wait for all of the people in the top 500 snapshot to claim. I will send him a message and see if he can clarify some of that. |
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