mhh, i don't know why my download is so slow. but your connection is slow too.  btw: i have a glass fibre connection...... Godaddy sort of sucks I may put the binaries on github |
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i still don't have a working OSX wallet. will there be anything in the near future. my coins are in bittrex for sooooooooo long.
Hey there, can you explain why you don't use the markets wallet? The markets wallet works on OSX we have hundreds of users. Currently I'm debugging the Mac build it seems like sync takes a while to connect when it re-indexes. So one recommendation is don't allow Mac to sleep because it can cause that. Also run it as admin. And lastly if the sync was busted you need to delete the blockchain files inside the package. Also having two keys is more secure than any other wallet. So I would just recommend using it and report back. If you have sync issues the patch to that is in the next build. But honestly you should be able to run it. If not hop on slack and I can walk you through it. A lot of coins don't even have Mac builds so I think it's nice that we have one. Also I've heard that Wine actually runs almost the same as native Mac apps because it is such a light weight package. The difference in speed can effect the connection on reindex and also on sync which is why as we speak I'm syncing a build in advance to help new users get connected faster. |
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hi,
question: just downloaded the qt wallet and the bitbay market application. both cannot connect to the network. any ideas? i did shut down my firewall as well to double check.
it seems that i get my adresses from the dns seed node but client does not download the chain... :-/
Loading addresses from DNS seeds (could take a while)
14 addresses found from DNS seeds
dnsseed thread exit
maybe some port issue? it seems like im missing something super obivious x)
thanks in advance!
It should sync eventually. Make sure you allowed it through firewall. Also you can find more nodes on chainz Bitbay block explorer. Certain antivirus have been known to interfere with p2p software as well. Let me know if that helps. |
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Thanks for your answer David, I think I agree with you  . I have one more question: since many big sellers will be incentivized to use BitBay because of no fees I think what is gonna happen is that they will try to keep the price as high as possible meaning that Buyers will have less of an incentive to buy stuff at BitBay compared to Ebay or Amazon. Do you see this as an issue? And how can we solve it? I mean if there is enough competition it will keep the price low and that will attract lots of users but until then it will be hard to incentivize buyers and big sellers to use your platform (buyers don't benefit enough and sellers dont get enough volume since only few buyers). Regard, CryptThinker Why would a seller do that? If there are no fees he can drop his price below EBay's price that's the point. Also the unbreakable contracts are better than eBay because less scams. The major issue we face is less volume. I thought of reselling items but that drives up the cost but it allows people access internationally. Perhaps more importantly, you can use Bitbay to barter, form farm co-ops, create insurance contracts, employ and outsource internationally, sell coins for cash peer to peer with no regulations or borders, and even do decentralized exchange. There is so many ways to use this. |
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As for me, I see only one weakness in DDE: What if Bob dies?
Great question! So as I said above an insurance provider would be one potential solution. The current solution is actually pretty simple. Since all your accounts are dual key you can give ONE key to a spouse without jeopardizing the account or even give them the two public keys simply so they can access your account from your computer. This will only give them control of your contracts. Because currently the contracts are brand new private keys stored in contracts.dat (by the way that is why we "autobackup" this file, it is almost as important as your private keys) I think even in the future I may make private keys for contracts based on the main private keys you hold so that way there is a way to do key recovery if a contract is lost. Currently in the next version I added a new feature which is if you lose communication over email or Bitmessage you can manually import completion signatures and other escrow messages. So now just in case you lose touch, there is a way out. |
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...
Well first of all, the deposits are not forced to be any size. The software allows custom deposits and guarantor contracts (unliateral). Also there is a reputation system built in you can easily scan to see if a merchant blows up a lot of contracts and mathematically calculate their risk. Eventually some people would be so trusted their deposit would be nominal if anything. Also I think you are misunderstanding the theory behind double deposit (you are almost there). If Bob puts in 1200 and Lisa puts in 250, they can both agree to cancel, Bob would get everything back all 1200 and Lisa would get back 250. If he received the item he would have to ship it back. If Bob wasn't a power buyer Lisa would never allow such a low deposit... if he was a n00b she would require 1000 advance payment and 1000 deposit. She being a power seller would as you say be allowed to put less than 1000 (potentially 250) and that is only if Bob consents to the contract! So sure, if Bob was a jerk, he could pay $200 extra which is why the buyer would be putting up more collateral in this scenario unless he has purchase 1000s of items. There are no weaknesses to this system in my opinion. First of all, nobody with an ounce of sense would blow up their own money out of spite. Bob and Lisa are forced to work together, if they don't the both lose the ENTIRE escrow. Nobody gets it. There are no partial refunds. This mitigates the risk of extortion. Besides in a dispute the only ones who know the "truth" is the victim, the perp and potentially god. Also the users know the risk of the counter party going into it. Being unreasonable is what I hope some users try... because only the unreasonable and deceptive deserve poverty. We are trying to flip the world upside down and make a contract that only favors honest people. When you start to involve 3rd parties, they are biased. Here is my analogy. Let us say you were on trial for murder... would you trust a 12 random strangers you never met and a prosecutor and a judge to fairly decide the truth? Especially if they weren't there? NO WAY. The modern system is broken, totally reliant on human error. This just streamlines the process. Punishments are built in. That isn't to say you may not have grounds to pursue your vengeance further if things blow up. But the point is the incentive for deception or theft is (almost) completely eliminated. What do you mean by "prove" or "truth" the whole point is, you can't prove she sent a laptop. She could have sent a box of rocks... we are in this "big brother" society that wants to do the impossible (control every micro-action of everyone). What is the post office going to gut and inspect every package? What a waste of manpower when this system solves the problem inherently. If a moderator would be allowed to decide who gets what then its not a fair system. Then moderators could pay themselves. This is the problem with Open Bazaar and SYS mods could simply collude and steal funds I can't fathom why anyone would think this is okay. Currently escrow theft accounts for almost 50% of stolen bitcoins (if you count exchanges)... and even without counting exchanges hundreds of millions of dollars in BTC stolen. This is because people are trying to use a trusted escrow in a trustless environment. Add into the mix that business is INTERNATIONAL and there is no way you can do a deal with someone in China if you are from Nigeria unless both of you have something to lose for lying. Even trying to sue someone across countries is a waste. Not to mention it forces a jury + judge and hundreds of other people to get out of bed to moderate your problem. Everyone wants to plea to big daddy to come in and help them when all they need to do is help themselves. If there was a customer service not only would that expose us to a tremendous liability but would also force us to guess. Since when in society did people forget that they are their own best judge in the case when they have been wronged? Include the risk you think you run before dealing with a counter party. This is why the DEFAULT contract requires deposits equal to the value of the item... the system wants to give you the best protection possible. And yes this can scale after you have done 1000s of deals on the platform. Or perhaps you do some KYC and you really trust the buyer then sure go ahead and send them a custom contract. We already do this for cash buyers (Craig and myself) and some of the other coins for cash sellers. Also I think eventually there may be companies willing to offer insurance on deals. That in my opinion would be the best of both worlds, you pay an insurance provider a small fee out of the TX and are required to simply document the deal and they will honor a claim under certain conditions (a package was lost, someone died, etc) And by the way, thanks for the discussion I really love it when people take an interest in DDE. |
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Is there an ETA on the API ?
Also is there anything like masternodes or tiered POS rates on the horizon?
Anything to inspire accumulation and holding?
I could release the API early but with the obfuscated code it requires me to change function names that we want to use back and make a documentation. I was saving that for last. Roadmap is on the OP. The next update is freezing and exotic spending and price tracking on custom orders and then the fork shortly after. I really don't believe in masternodes. I think our rolling peg is more than enough competition for frozen funds. The POS rate as you all voted on will go up soon. And when we do the peg it may have to be variable although it might not be in the first iteration. If people want to freeze their own funds that i suppose could encourage hoarding if we ran a promo for it. But most likely not. Its just a feature for all the cool ways we can use locktimes. i see, okay that makes sense. if the marketplace usage started to pick up over time that would actually see a huge amount of coins locked into the contracts from either side what happens to coins locked into broken contracts are they lost forever? or what actually happens to them? im sure i must have know this once but it seems to have gone out of my head and that question is rattling around in there. They go to "BitcoinEaterAdios" the address is a burn address. print str(hash_to_address("85","Bitcoineateradios")) #This is the way to generate the burn address for BitBay Indeed they would be lost forever. |
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Is there an ETA on the API ?
Also is there anything like masternodes or tiered POS rates on the horizon?
Anything to inspire accumulation and holding?
I could release the API early but with the obfuscated code it requires me to change function names that we want to use back and make a documentation. I was saving that for last. Roadmap is on the OP. The next update is freezing and exotic spending and price tracking on custom orders and then the fork shortly after. I really don't believe in masternodes. I think our rolling peg is more than enough competition for frozen funds. The POS rate as you all voted on will go up soon. And when we do the peg it may have to be variable although it might not be in the first iteration. If people want to freeze their own funds that i suppose could encourage hoarding if we ran a promo for it. But most likely not. Its just a feature for all the cool ways we can use locktimes. |
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Cool at least we're not grudging, you're welcome, let me explain how its going to work. The situation you describe is true in the case where the validator is a single entity hosted on SafeNet, even if in order to get the private keys, one must basically break safenet. The difference now (and this is a disclosed information) will be run simultaneously from different wallets, each wallet will have its own validator Instance, its job is to verify the orders and the transaction informations. During a trade, if someone manages to get access to its private key, he will be the unique victime of his cheating attempt, as the other instances won't accept his order. It doesn't means that NVO will allow 0 confirmation bitcoin transactions, at this stage it would be hypotethical, a minimum of 1 block confirmation is required, however, LN integration is a must, as it solves a lot of issues experienced by the DEXs, Segwit will be helpfull too. Regarding the possibility to send a transaction with low fees, the different validators will check this information too as the minimum will be determined by the validator depending on the network state. I know about Bitbay and BitHalo, and i understand that you defend your ideas about atomic trading  and i appreciate the exchange of idea. Right, well I'm glad you re-read my response I wasn't attacking you. The problem is, it is not decentralized exchange. Linking 2 of 2 multisig is almost the same as 2 of 3 but slightly more secure. The validator can SPOOF the buyer or seller and default on their obligation after getting a valid signature. So the example: Bob wants to send LTC to Alice for BTC Bob forms 2 of 2 with unique validator, Alice forms 2 of 2 with unique validator (potentially the same one or not doesn't matter the attack is the same either way). Bob signs to send LTC under the assumption that Alice will be beholden to being honest by the validator. The problem? The validator IS ALICE (and potentially the 2nd signature in Bobs tx too). Bob sends the LTC, Alice doesn't bother to send her BTC in fact she withdraws it and takes Bobs LTC. This is a pretty serious attack and thus this cannot possibly be decentralized exchange. Only a lightning network and AT are decentralized exchange (and potentially microtrading in a 2 of 2 double deposit escrow). Again, I'm not trying to rattle your cage or "insult you". I definitely want more people doing projects that are more secure than modern exchanges. But what you propose in safe network is a series of green addresses 2 of 2 accounts. It doesn't eliminate the risk of theft at all. Thats because the validator could collude with buyer or seller. Whomever runs those servers has a lot of power to spoof deals. The validator works as instances, is any instance is broken, the user won'tbe able to realise operations on the exchange. Bob wants to send LTC to Alice for BTC Bob forms 2 of 2 with unique validator, Alice forms 2 of 2 with unique validator (potentially the same one or not doesn't matter the attack is the same either way). Bob signs to send LTC under the assumption that Alice will be beholden to being honest by the validator. The problem? The validator IS NOT ALICE (and potentially the 2nd signature in Bobs tx too). Bob sends the LTC, Alice doesn't bother to send her BTC in fact she withdraws it and takes Bobs LTC.The role of the validators is to check for the validity of informations, the instances won't trust each other and will cancel any order at the first sign of manipulation untill both parties release the funds. Again there is no way to prove the validator is not colluding on a deal. Validators can spoof buyers or sellers. You can't cancel a signed transaction on any cryptographic network once an input is signed thats it. This is not trustless, it is a multisignature exchange. |
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Cool at least we're not grudging, you're welcome, let me explain how its going to work. The situation you describe is true in the case where the validator is a single entity hosted on SafeNet, even if in order to get the private keys, one must basically break safenet. The difference now (and this is a disclosed information) will be run simultaneously from different wallets, each wallet will have its own validator Instance, its job is to verify the orders and the transaction informations. During a trade, if someone manages to get access to its private key, he will be the unique victime of his cheating attempt, as the other instances won't accept his order. It doesn't means that NVO will allow 0 confirmation bitcoin transactions, at this stage it would be hypotethical, a minimum of 1 block confirmation is required, however, LN integration is a must, as it solves a lot of issues experienced by the DEXs, Segwit will be helpfull too. Regarding the possibility to send a transaction with low fees, the different validators will check this information too as the minimum will be determined by the validator depending on the network state. I know about Bitbay and BitHalo, and i understand that you defend your ideas about atomic trading and i appreciate the exchange of idea. Right, well I'm glad you re-read my response I wasn't attacking you. The problem is, it is not decentralized exchange. Linking 2 of 2 multisig is almost the same as 2 of 3 but slightly more secure. The validator can SPOOF the buyer or seller and default on their obligation after getting a valid signature. So the example: Bob wants to send LTC to Alice for BTC Bob forms 2 of 2 with unique validator, Alice forms 2 of 2 with unique validator (potentially the same one or not doesn't matter the attack is the same either way). Bob signs to send LTC under the assumption that Alice will be beholden to being honest by the validator. The problem? The validator IS ALICE (and potentially the 2nd signature in Bobs tx too). Bob sends the LTC, Alice doesn't bother to send her BTC in fact she withdraws it and takes Bobs LTC. This is a pretty serious attack and thus this cannot possibly be decentralized exchange. Only a lightning network and AT are decentralized exchange (and potentially microtrading in a 2 of 2 double deposit escrow). Again, I'm not trying to rattle your cage or "insult you". I definitely want more people doing projects that are more secure than modern exchanges. But what you propose in safe network is a series of green addresses 2 of 2 accounts. It doesn't eliminate the risk of theft at all. Thats because the validator could collude with buyer or seller. Whomever runs those servers has a lot of power to spoof deals. |
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If you aren't using atomic trading how can you possibly claim decentralized exchange? Otherwise parties can just double spend. There was no mention of double spend or atomic trade in the whitepaper please explain. Users can double spend by simply mining their own transactions. If you use an escrow account then it is not decentralized either because that allows a 2 of 3 collusion attack. And 2 of 2 accounts require microtrading. What protocol is being proposed here?
Thank you for this interesting question, i hope the answer will satisfy your demand. The validator will be hosted on a decentralized distributed storage platform (SafeNetwork) which will provide a lot of possibilities to solve issues related to live and offline trading. As an example, using multisignature addresses doesn't means centralizing the process as it will be done by a user and a decentralized process hosted into a decentralized ecosystem. As i said, it is just one of the many possible sollutions, as they are ranging from soft, to extreme degree. You can also check this link : https://en.bitcoin.it/wiki/Atomic_cross-chain_tradingThere is an interesting solution to the atomic trading issues you talked about. Rest assured that the team will never release a trading pair if they are not sure about the security of the process. "Apollo777": Correct.
1. How do you plan to distribute dividends on Bitcoin/Counterparty network ?
Think about it for a moment. Assume 10,000 investors, means that you will need to do 10k Bitcoin transactions (and pay $20,000; $2/tx) just to distribute the dividends.
...When each transactions costs $2.
Maybe it's smarter to find a way to do it without relying on over-crowded Bitcoin network ? (based on Ethereum or Ethereum classic, or some other network)
After all there is a good reason why StorJ coins migrated from Bitcoin/Counterparty to Ethereum.
2. Double-spend attacks that "dzimbeck" mentioned
Another way to double-spend Bitcoin is to use zero-confirmation RBF - Request-by-Fee (and send transaction to self with a higher fee).
Bitcoin miners will pick-up a tx with higher fee, even if arrived *later*.
How do you plan to deal with it ?
A safe BTC transaction requires 6 confirmations, but I don't see how-to achieve it in this case of decentralized exchange.
Thanks for the question. There is a section in the whitepaper who explains how this part will be handled, when you withdraw from poloniexw, or other similar services, they don't broadcast a trasaction right away. Instead, they group them, and send a single transaction. This is how the distribution is going to be processed and it can be done as long as the TX size is lower then the block size. From there, you can create a single transaction with several outputs and pay a marginal fee. This is one of the situations where the validator is handy, because he will ensure that you won't attempt to realise such operations, as he will check (several times) the informations sent by the users and process them in order to allow a trading, and the usage of multisignatures, smart contracts, LN channels would be also a part of the sollution. As i already sead, NVO doesn't want to compete against other decentralized exchanges, or centralized exchanges, NVO aims at using the technologies provided by the multiple blockchains to create an as safe as possible environment for trading, and to provide a multi crypto wallet with as much "functions" as possible while giving the possibility to its users to choose what function they want to include into their wallet. Is this project uncapped? So from my understanding, when the ICO closes, 15M tokens will be distributed based on the % of your contribution to the funding pool.
Yes the project is uncaped, and there is no price for the NVOTokens, at the end of the crowdsale, the contributions will be calculated and evaluated, every participant will receive a proportional amount of NVOT. Actually your answer does not satisfy my demand. You are asking for money and yet you don't understand the protocol you will be using nor were you able to answer. I've been a crypto dev for 4 years and coded BitHalo and BitBay. Just linking me to wiki about AT when I already know how to do AT with checklocktimeverify is not a sufficient answer. There is only ONE way to do decentralized exchange between blockchains and that is atomic trading. It cannot be done without checklocktimeverify because of malleability. Also 2 of 3 escrow like BitSquare is not decentralized because of simple theft and collusion in escrow. 2 of 2 with microtrading works like in BitHalo but it's tedious and expensive and unpopular. So the only way is AT and it must have a web front end in JavaScript and no blockchain download to become popular. You can't just launch a project and be like "give me money and I will build a decentralized exchange" Sure man that's what everyone is doing right now and I'm getting tired of it. Make a full fledged decentralized exchange and then.launch a token. But your marketing whitepaper and response shows me you didn't have a specific protocol in mind to stop double spend and malleability Like I said there is one way and to my knowledge Blocknet is the only coin doing it (maybe also Komodo) Atomic trading OK maybe you can build LN in every coin but that would be insane engineering costing millions or years By the way when peoples money is on the line there is no such thing as "safe as possible given the tools in the coin" there is completely secure and not secure. It works or it can be hacked period. It is the first post who is really perturbating me, especially when it comes from a legendary who says he is a developer, i think you are more a project reader then a developer, and then you come and speculate on projects. I don't agree with you when you say "give me money and I will build a decentralized exchange", we are not scaming people and i don't tolerate such a lack of respect, and please don't try to minify the project saying the team isn't capable to deliver it. Now let me answer as a developer, the one who will make the validator (for free, not to bother the development funds), as Yani will work on the wallet, and manage the development team, there will be another developer who will work on coins implementation, and another one for the API clusters, i own't disclose any information regarding because they are still not recruited, they will be paid hourly. Yani will manage the development team, after the beta2 yani and i will work on the plugin system as it is also into my interest to build it, we will even deliver a plugin for coinpayment integration, it is an insider information but i think that most of the people knew about it. Now let me talk as a developer and explain to you how your informations are restricted, as you are talking about have been done, and what is going to be done. - OP codes manipulation is an option, and it may not be used. Because this is related to bitcoin only, and it would restrict NVO and would deprecate the plugin system. - 2 OF 3 multisig addresses isn't an option at all as the two other participants could cheat on the validator, then the validator won't receive fees, and it is not in the interests of NVO. - 2 Of 2, you are seeing it as like as you open a direct streem between A and B, which is useless because in the end, what will do the validator here ? in your case the Validator is what you call an Escrow even if it is not his main purpose. In the case of NVO, the 2 OF 2, i will try to explain it in the most way so that you can understand it : A and B want to trade, A will create a 2-OF-2 with the validator, B will create a 2-OF-2 with the validator. Once the validator verifies the order informations are good, and the transactions are valid, he will issue the required redeem scripts. The validator will be hosted on safenetwork, i wish a good luck to any hacker who wants to hack into it, or even find it into the safenetwork. Actually with your closed logic, it will take you up to a life or two, unless someone gives you the sollution but it would too late as you won't be able to use it again. Do not say that you are a developer as long as you can't innovate, developer = innovation not stagnation. - NVO isn't a blockchain, it is a multi function wallet, with a DEX built on the safenetwork. You can still check their website, with the help of the plugin system, NVO can be a payment processor. - Now talking about having enough, and fledged DEX, and about marketing, i asked not to give too much details about the validator on the whitepaper, because i wanted to explain it myself, and to explain the phenomenous amount of possibilities offered by the validator and the plugin system, as if i had to explain exactly in details the validator, we would have to create a lot more whitepapers, as he answer to Two big issues about decentralized trading, double spending and offline trading. For marketing and community reasons, i prefered to let people's toughts open, so that future project developers can innovate using the NVO plugin system and its validator, which will enrich much more the NVO project. - I don't want to say bad things about komodo but personally i don't really see how it can be usefull. I don't want to insult these projects, but most of them recreates blockchains, this a difference that most of the people have troubles to understand, NVO isn't a blockchain, it is a project who USES blockchains, it integrates them and complete their services. - I never said that we will create LN for each coins, i said that it would be usable in order to let people know what is the actual stage of developer, in case someone decides to create an LN DEX, and it wouldn't cost millions, nor years. And actually a lot of coins are already implementing their LN, you can check them. -You know, even Bitcoin can be hacked in the future, everything is hackable, the technology is moving vary fast it is not frozen in 2017, there is no such "secure" system, and there will never be, even matrix (the movie) have been hacked. To conclude, you gathered all the shits from the other projects and you throwd them here without even understanding the project, i would have appreciated if you asked me questions about NVO first, instead of throwing unrelated projects problems, and then you insult me even more when you say that i ask for people's money. No longer insult me without real arguments. You are saying I'm not a dev? Are you insane? I developed single handedly the world's first smart contracting platform BitHalo which was also the world's first multisig client and first dual coin software and also dev Bitbay. Never have I hired out a coder and write the 50,000 line software alone. Now first of all, I'm not insulting you. ALL I care about is security its what I do for a living. I'm happy to see you guys are doing dev work but there is a problem with your branding. And please cool it with your assumptions I'm not calling names. Your response was amusing and shows you don't really read properly (I never once insulted you, your paper doesn't adequately explain the protocol) What you just described 2 of 2 linked to 2 of 2 is NOT SAFE. Basically the validator holding keys in each account can pretend to be the buyer or seller and double spend their payment. Basically what you are describing is multisignature exchange not decentralized exchange. It has some very serious security holes. Validator can pretend to be buyer or seller, default on outgoing payments and cash in on live trades. Validators sign key can also be hacked and then double spent. The only way to do decentralized trustless exchange is atomic trading (and maybe lightning network). What you propose is more secure than let's say Poloniex but it is absolutely not decentralized. Now you can get angry, call this fud whatever. There is nothing in this for me except to point out the flaw of collusion in this design. Fix it or not is your call but investors be aware this is a multisig exchange, not a Dex. On that note good luck. |
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Slack was booming today! I wonder what the cause?
I've noticed we have one of the craziest slacks. Probably because we have tons of actual utility in our coin (markets) where other coins are only speculative assets. There is a way to use it within crypto jobs, sales, dex, economic pegs etc. Not to mention a lot of people who have common ideas seem to find their way here. And our slack is growing like 5 members a day or more. Its getting pretty crowded can't even keep up with all the messages. |
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Only 5btc. I made 12 btc off bay. Bought when it was 80 Satoshi. What's your point? Litedoge has nothing to offer.
Jealous much? Keep trolling. Bay won't go I a price you can afford. No reason to argue over education and the fact you bring it up means you barely finished high school.
I guess you are still upset buying potcoin at the top and hold in bags if useless lol
You made 12 btc off of bitbay, bought at 80 sats. So that means it to took you 9 months to make 12x your $200 investment - BTC was $200 back in the fall. Holding onto your BTC would have made you 12 BTC. You still living in your Mom's basement? Did she lend you the $200 for the 1 bitcoin back then? I made my 5 BTC in less than 2 weeks on ldoge. Keep holding your bay...your 12 btc is depleting fast while the billion are being dumped. You lost another 2 btc in the last 24 hours, and what, over 4 BTC over the last few days? Hope mom doesn't ask for rent in BTC...you may have none left the way it's going down. Keep on pumpin! Holding on to btc doesn't make you btc. 1 btc 5 years ago = 1 btc today. And you brag about your education? I don't think if he has 100s of btc hes living in a basement. Unless its a really nice basement. Personally I would like to live in my moms basement, my mom is cool. And why would you come here and brag about LiteDoge as if you are some investing genius, do you realize how stupid that sounds? "Yo bro, you gotta get into crypto man I made like 5 BTC on EquestrialGirlsCoin, Fluffycoin and Turkeycoin". I'm not sure anyone needs to respond to you because you seem to do a good job on making yourself look ridiculous without the help. You are in the wrong thread man, go somewhere else. Or maybe I should say thanks for the entertainment. |
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anyone have a problem with qt wallet not connecting to network?
*edit, connected after 30 minutes
I'm going to check and update the seed nodes attached. I think they may be out of date. The issue was we had no dedicated nodes in the last build so it was a long list of like 20 nodes we had on chainz. I will make sure to check those and maybe run a couple more nodes in the next update. In the meantime anyone who has a long wait connecting on a new download can certainly go here and add nodes from the list found here in network: https://chainz.cryptoid.info/bay/ |
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1 billion coins in circulation?! Why would anyone buy knowing that there are a billion coins in peoples wallets, most waiting to be dumped? That's a pretty tough a wall for most investors to climb.
I also feel people who make these comments need a lot more education before investing real money. Number of tokens means 0 when making investment decisions. The distribution of the tokens and MC are far more important. More important still is the real value of the project in the context of others here. Why would people be waiting to dump at 30m when there are projects with 100M to 1B with less going for them. I don't know where you picked up your education but I can guarantee you it's not worth half of mine This coin is not Ripple, and will most likely have dumpers dumping most of the billion coins in wallets, far more often than investors investing. Good luck You don't know but can then make guarantees based upon that. Hmmm I see. Okay, if that's your explanation then that's fine. Stay out and get in with Ripple. We'll review in a few months. Meanwhile - I'll go back in time and tell XEM and bitshares holders that they should have dumped out at a 30M cap. Actually, they have billionS of tokens so they are not going anywhere either. The only part of your post that makes any sense is the " I don't know" segment. I mean imagine if what you have said is a general rule then how do projects with billions of tokens increase in value at all? Again I'll ask you why would you dump your share of a project if you consider it is below market value compared to other projects regardless of the amount of tokens it is divided into? If this is the only factor you take into consideration then investing must be easy for you. Just find the projects with the smallest minting. Let us know how that works out for you. Sadly common sense just isn't that common anymore. You never bet the horse, you bet the jockey! I came over from BLK because of David Z...dude rocks and I will follow good talent anywhere! And Dave, you are Gold Brother! I'm just along for the ride, cause I "do know"  ..(no fancy education needed) Thanks! Well I can tell you this much, its been one helluva ride! No matter what happens in crypto in the next couples years I know one thing. It won't be boring.  |
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I see a few mentions of "smart contract" although they point out their definition of it. Is it actually ERC20 compatible? It doesn't seem like it but just curious.
Halo's double deposit escrow was the worlds first smart contracts which is what I've used in BitBay. Its an entirely different and practical way to do contracting in the real world. Instead of ETH "pie in the sky", "your computer will mow your lawn, make your toast and take your dog for a walk" contracts, double deposit eliminates the element of human and computer error by using the deposits as a disincentive(no more middle men or deception). And you can code literally anything on top of that. Also, its hard to improve upon double deposit escrow no matter how fancy your computer code gets. Thus ETH wouldn't be able to improve on DDE simply implement it in a contract. My software existed years before Ethereum, I actually had to google ERC20. It is possible to make a double deposit contract in ETH but it would be no use because it requires a tremendous amount of UI/UX and communication work. And really I don't see anyone else doing it. It's possible we are still years ahead of the competition. |
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1 billion coins in circulation?! Why would anyone buy knowing that there are a billion coins in peoples wallets, most waiting to be dumped? That's a pretty tough a wall for most investors to climb.
I also feel people who make these comments need a lot more education before investing real money. Number of tokens means 0 when making investment decisions. The distribution of the tokens and MC are far more important. More important still is the real value of the project in the context of others here. Why would people be waiting to dump at 30m when there are projects with 100M to 1B with less going for them. I don't know where you picked up your education but I can guarantee you it's not worth half of mine This coin is not Ripple, and will most likely have dumpers dumping most of the billion coins in wallets, far more often than investors investing. Good luck How educated a person is has nothing to do with how much money they spend on school in the same way that a currencies worth is not in any way related to its supply. The supply is ambiguous (look at Dogecoin for example) Marketcap = Supply * Price |
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Hello guys,
I was looking some crypto to invest, then found bitbay and get excited this currency fundaments and also the recently market growth. After this, I've decided to buy some and hold.
However, I've got some doubts about how BAY can handle about common marketplacess existent problems and the specifics decentralized marketplace challenges. Lets use ebay as parameter.
On ebay we have a lot of dishonest people (buyers/sellers). Its very common the ebay staff intervention to solve many kind of problems with transactions and many times those problems aren't solved.
The honest people of the ebay community (buyers/sellers) have a certain security about transaction and sales, even the problem was caused by thirds (like post offices, etc). This security is what bring a mass of buyers and big sellers to ebay plataform.
If to decentralized need to attract big sellers and a large mass of buyers to be successful, how bitbay can do this if the envolved have to trust on each other honesty? How bitbay system can force a fair solution about the transactions problem? Who will judge who is right? If I buy some product from a chinese seller and I don't receive, on my side "never received the product" on his side "I sent", who will prevail?
I know bitbay has a qualification system but this is enough to bring feeling of safety to sellers/buyers?
I still excited about bitbay, my intention here is just ask questions that I made to myself.
BitBay uses double deposit escrow (DDE) in addition to a reputation system. Default for DDE is that both buyer and seller put up a deposit that is 100% the value og the transaction. If everything goes smoth, they will release (simultaniously) the deposit. If one of them tries to cheat, the deposit will not be released, and the scammer has gained nothing. Thanks for your explanation. I've actually read about this but really don't know if it will works in major situations, because sellers and buyers have too freeze some amount of capital to warranty the transaction. Just imagining as a seller point of view: if I want to grow my salles, I need liquidity of my capital fast as possible, if I do some business that last some time to be completed and until it's completely done my money will be frozen, why use this plataform? Also, if both parts don't release their deposit, what will happen to the warranty bays? Ebay takes a large % of the deal, their arbiters do not resolve disputes. If you are buyer, seller sends you an empty box or if you are seller and are returned an empty box you lose. Ebay will just guess. Arbiters drive up cost and know nothing of the truth. Liars will always win in the deal. Worst case they pay for the item best case they steal it. Double deposit - both parties put a deposit and if they lie/cheat their funds blow up BOTH LOSE. This type of contract favors HONEST people. A liar can't possibly win because he will lose more trying to steal than he profits! The incentive to lie is removed liars get demolished. Also, deposits can be customized. So you can lower them if you are a power seller moving 1000 dollars of merchandise a day and are honest, people will probably only make you put up 20%... and if you move that much that should be nothing for your to put up. And of course there are NO FEES so you just make an enormous amount more here than you would in any other system. The funds are only frozen for the duration of a deal which may be a few days. A small bit of patience to destroy deception from society (one of the worlds biggest issues). |
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Taking an interest in this project. I've familiarized myself with the client and things seem to work as they should.....except embedding the keys in images. I've tried a few different pngs and it seems the client will embed the key sucessfully...but every time I go to extract it fails.
Any insight?
Hey can you be more specific? There is two ways to embed data into an image. The first is embedding files in images and the other is embedding an actual key. The key to image feature should be able to put files/keys inside and withdraw them. If for some reason you have trouble extracting I need more details. So please if you have a moment log into slack and tell me what your issue is and a complete description of the steps you took. Its most likely fine. Oh and one more thing. Read what it says, when you put a file in an image don't change the image in photoshop or recompress it by sending on imgur as that will mess up the steganography. EDIT: I changed something recently. So for this version you can't extract keys, only files. I will patch that in the next update. Regardless the keys load fine within the images. Its just I changed the way the file appears so I need to update extraction. Thanks for reporting that. |
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Yes yes it looks just like that....
Who is dumping all those coins? what is happening !?
And still there is no sign of dump end...chinese scam coin ?!
Who is Chinese here?!  Granted the software does translate to 90 languages. Look at the OP (the first page of this thread) and then go look at the training videos. This coin is a long term hold not some short term traders play thing. Realize what you have invested in is real software that does too many things to list in a single response. And if you are trading based on day charts I don't know what to tell you. Zoom out and look at the 3 year chart. |
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