why not buy ICO if i know that coin will be up and i can get more profit? yesterday i buy some maryjane and i get more than 100% profit and i buy VOcalcoin and i get 100%+ profit too  Do you know what ICO is ... because this thread talks about ICO and IPO. |
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Well said.
Our market had enough scams, IPO, ICOs and all kind of money collecting actions. Because of the broken promises and scams, there are no new money and investors coming to this market.
Enough is enough.
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To summarize, the information we know and what David and the Bit Bay Team revealed here
a) We know David is a very talented, intelligent and knowledgeable young man, he is capable to write software
b) We know (because David said), he is financially broken, he is in Cambodia for rebuilding his life and has been contracted by the Bit Bay team. He is writing the software for BitBay (as he said). He is not the master mind behind this coin, he has no control over the 3000 BTC, he is not the recipient of the US$ 1.2 million ICO but the Bit Bay team.
c) The Bit Bay team, as they said, long term nicks on this forum, however they felt the need for registering a new nick for collecting the US$ 1.2 million. For some reason, a 3000 BTC ICO can't be associated with their existing community and market identity.
d) The Bit Bay team refuse to disclose how the 3000 BTC will be distributed
e) The Bit Bay team refuse to comply with requests to reveal their true identities and prove that they haven't been associated with existing scams and broken promises.
If I am correct, that's where we are ... and I am sorry for spoiling the 1.2 million US$ money collecting party ... but, because of the scams our market has lost all its credibility and most importantly the trusts of new investors, there is no new money is coming to this altcoin market, I believe it is everyone's interest to have an accurate information about who are the money collectors here.
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As far as any issues you may have with David
There are no issues with David. He is a very knowledgeable developer, he has answered here with civility and much professionalism.
Hence the shared nick BitBay Team. Insofar as we post here on behalf of the project, personal nicks are irrelevant.
No, it is not irrelevant. You are asking money from investors here by promising future development and a profitable partnership, in the meantime you feel your original BCT nick which might already associated with unfulfilled promises, failed developments, left behind investors, ICO or scams is irrelevant? If I understood correctly, you are collecting hard earned cash from possible naive, uninformed and inexperienced investors, but you don't feel transparency and reveal what kind of long term BCT users are behind this venture is important. Since you said you have a long term nick in this environment where 95% of the coins are broken promises, scams, I believe knowing your original nick and to prove that you have no association to the scams is very important. Please let us know who is behind this coin. This market seen so many scams since June. We understand David is not a scammer, but - since you are a long time user - we would like to know who is collecting the money here. |
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Having witnessing the so many IPO, ICO, ITO and all kind of fucking scams that had destroyed our market and which pissing me off, the VeriCoin community is quite fortunate that the integrity fine and reputation of VRC developers is immaculate in this department. The VRC devs never collected money and the distribution of the coin was fair. These are quite rare attributes in this scam filled environment.
This (that VeriCoin is not an ICO but fairly distributed coin) could be a very good base for the rebuilding of the coin - if that ever happens.
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Some rats are indeed starting to abandon ship...
On another subject, the inimitable Lootz (50% of that dynamic "asset" duo Kev&Lutz), who has UK and me pre-emptively banned in his censored thread -as is either UK or me would ever have any interest in posting on a censured thread or on anything even remotely close to where lootz may ever be-, has actually deleted a post by Scott in which he stated that both UK and me were welcome to the shiny, new forums... as long as we would behave, of course...
You cannot possibly invent these things, they are just too unreal...
I am sure the aforementioned supporters will get to the point when they realize that the 4K price is not because Barabbas and altcoinUK, but there are other main contribution factors in that price, mainly the depressed, over-scammed market and the state of coin. |
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We are all long time forum members and understand how important a well moderated and updated thread here on Bitcoin Talk is
We intend to keep this thread as a healthy place for discussion and questions about the BitBay project. We do not intend to let this thread devolve into the unfortunate condition of some other threads here on the forum.
Right now you are confusing me. Question 1: What is your original nick if you are a long time forum member? Question 2: If you are a long time forum member, which existing coin you have associations with if any? Since your developer is David and many investors feel very much mislead by Blackcoin here in BCT, I have to ask, do you have any association with the Blackcoin team? Question 3: Since you are long time member here (even you felt the need for registering a new nick) which other threads you are referring to that have "devolved into unfortunate condition"? The so many IPO, ICO, ITO and all kind of scams completely destroyed our market. Therefore, in order to bring back money to our market, transparency is more important than ever, and some clarifications would be much appreciated. |
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The main question here is not your lion king memories, but why don't you post and ask questions using your original nick instead of using this troll account?
Don't be a dick. I am trying very-very hard :-))) |
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forgive me I am knew but who is James ? he sounds like a big guy, It sounds like you really like him. Is he your friend? He is working with this vericoin ? Will he bring the price up ? I bought at 4500 just wondering if I will make bank if this baby goes to 50k again from what I see in the charts. Dam you 2 guys talk a lot are you best friends ? almost like timone and pumba from the lion king
The main question here is not your lion king memories, but why don't you post and ask questions using your original nick instead of using this troll account? |
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I invested in BitBay today and I am looking forward to investing in GadgetCoin to keep my Internet of Things eggs in two baskets I have a feeling that both will be fine  It's a smart move to diversify your investment but you will have not the same type of eggs, as BitBay and GadgetCoin seems to me are two very different eggs. I just had a very long chat with David Zimbeck the BitBay lead developer, he is a very nice guy and obviously a very knowledgeable software engineer, and he confirmed that BitBay will not work on IoT software, but they will try implementing a Mesh Network. So based on what the lead developer said your BitBay egg is not an IoT egg. Though it doesn't really matter, in my opinion both BitBay and GadgetCoin are exciting technologies. Cool  Question to mtomcdev, what will be the retail price of the development board hardware? We aim to keep the retail price under $50.00. We would like to hear from our supporters, whether the $50.00 price range is reasonable and correct for this device? Please check the schematics and let us know your opinion! With $50.00 price tag a Zigbee/WiFi enabled board is probably too cheap. Even this is an open source project, you can sell the service/product with profit. I would put the price at closer to $100.00. I checked the schematics, the board looks good, this is a dual radio network board which is quite rare, you could charge for such board a lot more than $50.00. I like the idea of Zigbee/WiFi co-existence, it could be useful for many use cases, and of course for an IoT application you definitely need WiFi and most of the time Zigbee. |
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And the price is 4.2K. I am not a user there, never visited that forum, but I can tell you how this unfortunate decline is explained on the new, wonderful forum by the DEVs and cheerleaders
a) This is fine, because we can buy more and I am buying ... says I am sure every second poster there ... and of course it is a lie, no one is buying, if anyone would buy the price wouldn't be 4.2K
b) This price drop is very good because a large investor is accumulating a huge amount of vericoin ... which we all know is not true
c) It's great, because I could lower my average ... which is a lie, of course no one is lowered any averages because no one is buying, but such lies is to get people to buy and lower their average
d) The price is lowering because Bitcoin is getting more expensive (last week the price was lowering because Bitcoin was getting cheaper).
Anyway, this 4.2K is the clear indicator of the little work that went into VeriCoin since June.
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Once again, long term you would probably do much better hanging on to your BTC that in any alt, NXT included. It seems very very strong on this bull run...
Oh and NXT's wallet is quite a mess with which some of the exchanges, notably Cryptsy, has very serious problems so if you want to use the wallet, do some research before so you will avoid unnecessary not so nice surprises. It is NOT your average wallet... certainly not near as incredible as the Saffron one --what a terrible name, by the way; I believe the name alone is cause it is undervalued by 50% more, on the name alone!
Bitcoin's price rise is an excellent news for all crypto currency enthusiasts. There are were many critics who said, that's it, Bitmcoin is finished. I was also a bit worry to see the price is going to the low 300, there is still lot of volatility, but Bitcoin also demonstrates strength and maturity by bouncing back to a higher price. |
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I think, I also decided not to invest - except if the DEV answer my questions about real time hardware control and outlines how that will be possible at all with the Blackhalo solution?
I am mainly interested in the IoT offering, but it seems to me the IoT concept does not even exists on conceptual level. If there is not even conceptual solution, I can't see how this project will release a working, blockchain enabled, peer to peer Internet of Things software that controls hardware in real time.
I believe I already answered this, im not able to monitor this thread constantly because I'm usually working. But yeah you can do zero confirmations with multisig because your device or you hold the raw transaction. It depends on the application/hardware. Best that you give me some example or use case and I can explain to you how I would approach it. This isnt dissimilar from NightTrader multisig engine which I have made. I just dont have any front end for it. Controlling hardware in real time is fairly easy when you know multiple signatures are involved. Add this to checklocktimeverify and you can have outputs convert to different things based on blocks. Handling raw transactions where you hold the other signature can leave you secure with the fact that you can do zero confirmations. Thanks for your reply. I am familiar with the green address concept of Bitcoin that requires a third party and allows instant transactions and I believe you are not referring to that. So if your solution conceptually is not that, let see a concrete use case: open a gate in a sport venue where users use their wallet to enter the venue and the gate controller device charges 10 BitBay coin for opening the gate. My understanding is, prior to opening the door the device must know if the 10 BitBay Coin is available for the buyer. The device must ensure the balance is available, it's not a double spending and it's a legitimate transaction, otherwise the door cannot be opened. Once the gate controller device is satisfied the balance is available, and only in that case it opens the gate. How long it takes for the device to verify if there is a sufficient balance on the address, because prior verifying the balance the gate cannot be opened? In other words, how long the user must stand for waiting the device to perform the service? If you say so you have worked this out and willing to explain this, I am sure that's the case, and you will have a working solution :-)) One working solution is to have your funds locked before you get to the gate ... Thus your primary account would have locked funds set aside for public events and interaction with IOT ... So they cant hold your money hostage because the funds are set to convert back to a regular account on the expiration of the lock ... The gate only signs with parties that were confirmed in advance to be honest. Those parties would hold a double deposit contract with the manufacturer too. All due respect David, this solution isn't practical and such implementation would make the use case completely uncompetitive to existing FIAT or even digital currency payment solutions. Currently payment systems, even the Bitcoin network with green addresses works in ad-hoc manner: you pay at the time of the purchase. In order to buy a pizza, hotel room, concert ticket there is no requirement to lock the fund to the seller prior to the transaction, not even with Bitcoin. I think such system that you have suggested wont be adopted at all. I understand your solution would be still anonymous and decentralized, but having so much complication to make a payment to IoT devices would make the solution impractical in my opinion.
This starts boiling down more to logistics.
I disagree. This is not a logistical but a conceptual issue. What you have described is a workaround by asking users to comply with your work around in order to have the luxury of involving with a very-very complicated process. Anyway, thanks for answering, apart from the IoT part, your solution will be great and I have no doubt you will roll out an excellent smart contract system. I suggest don't involve the IoT it at all. Firstly people have no idea what is it so it doesn't mean anything :-)) and no one is investing in this because the IoT feature, but once someone take a closer look at it, the reaction will be that it is not acceptable for businesses and that reaction could cause more harm than good for the project. Your decentralized market solution is flawless, it is obviously a viable use case, but the hardware industry and hardware integrators will be taking apart the IoT concept and such publicity will hurt your and the project's reputation. Well this was just an example. Also I should mention that your client would be locking the funds. And its not dissimilar from "Parking" funds in Nubits, we can offer incentive for parking with manufacturers. One method is to use only one manufacturer at first to simplify the distribution. I'm mostly interested in mesh networks to be honest. That is exactly what I discussed with the other players. My solution works, its not "green addresses" per se but I agree even though it works it may not get adopted. That solution works around bitcoins weakness of trustless doublespend problems. What you are describing is a problem inherent in Bitcoin itself so the only other way is to make the device are party to the transaction in some way so it can trust the RAW transaction is valid. This way it doesnt have to wait for confirmations since it knows its holding a signature, hash or something that would prevent you from spending otherwise. Time locks are not permanent, they are only needed to create a connection with the hardware manufacturers server to prove you arent double spending on one of their devices. So, no offense taken. I have yet to see a better solution. Perhaps I can come up with an additional one later and PM you when I do. After all knowledge should be free. So we are taking baby steps. Just start with what works and let the industry evolve. That solution works for your particular use case. Users can also do a double deposit contract with device manufacturers in advance. Then they would not need to use my above proposed method. Bitcoin itself is highly flawed anyways, it doesnt have a very advanced scripting system, there is malleability which always needs to be worked around by protocols, there is major problems with botnets and sybil attacks, there is a scalabiity issue that is very complex to confront (im speaking of bandwidth issues in securing the blockchain) and so on. With that said, they liked my ideas with mesh networks and added it as IoT which is a misnomer. The mesh netowork idea I had was working with hardware but not necessarily in real time. A good example is Blackcoins COLD Staking. This is something rat4 added some RPC calls for. Now I can do multisignature staking in Halo. We could then, use a device with the staker to sign the second sig. So this is a case where you dont need instant confirmations. To me, mesh networks are a dream goal if we even get close to that point this project will be a smash hit. So really my impression in starting this project was to start in mesh. If they really want to do this with me, we can change the world so its of great interest to me to see this follow through. Lets be clear about this roadmap again: *DEMO Smart contracting client(from BlackHalo) --- Within a week. Trying to get it before ICO ends but not 100% sure. *Markets(beta without advanced whitelists but with a kill switch/mod key) --- Within a month or two max. I've been working on this for Blackcoin, they coincide The last two get worked on simultaneously with Hedging taking precedence: *Hedging transition with the checklocktimeverify --- this is about a month... we can pull from NuBits, but we are dealing with a larger supply so that math has to work out to manage all of everyones funds properly. If they pay my dev team I can have them work on this fork BEFORE I finish my markets which would greatly increase the speed in the fork. *Markets with whitelists/double back on server --- one month after the main markets release. Its not a difficult implementation, its very elegant but there would also be some user interface feedback and bugs we want to respond to. This could delay one additional month so we will have to ask users to behave in our decentralized markets so we don't have to shut it down. So give the above a total of 3 months. Realize I'm trying to underpromise and overdeliver. And you know I deliver if you read blackcoins subreddit ONCE we are hedged, we can go for the mesh networks. We will now be capped at a billion dollars(thats my target price anyways) and be able to afford and utilize our connections to the hardware markets and we will indeed create an incentive system for setting up these networks. Right now I can see what you are trying to achieve and thanks for the clarification. So far a few of us, potential users and investors posted that the IoT concept seems a bit vogue and it's very questionable how that such hardware integration would work with the Balckhalo system, and generally with decentralized blockchain solutions. You have described a workaround, but also said yourself that your original suggestion to the BitBay team was a mesh network idea, and then it was called IoT. So why don't call it "mesh network" if the focus will be in fact ... on mesh network :-)) I had involved with several crypto projects at investment level that went very wrong for the same reason, the objectives were identified incorrectly, the team delivered different solution what was promised. It's your project and you do as you wish, but why to disappoint (perhaps mislead people) by promising IoT when your goal - very understandably - related to a bigger picture and you will work on mesh network? I have been involved with IoT related design and implementation projects for years, this area is close to me, but for the given technology, the peer to peer network and the decentralized blockchain the mesh network sounds a more sensible goal. I fully agree with you that it could be game changer. (the very-very smart people of Skycoin work on the same thing) I would change the IoT in the project description to Mesh Network. Right now no one really cares, people who knows you will still believe in the project, but you could avoid lot of problems by defining the goals and deliverables accurately. Later, when the price inevitable drop (see Viacoin) investors start to complain, FUD, etc., and then it will be a huge issue why you work on mesh network if you promised IoT. Anyway, good luck, I will throw in a few BTCs and look forward to see the mesh network implementation some times next year. Well thanks for the well thought out reply. I can't help but think your experience in this field and possible an IoT coin gives you a vested interest in saying the above. Anyways, we can certainly change our roadmap to more accurately reflect what I'm planning to do here at Bay. I know they put something on their website too. Like I said before the multisignature solution does in fact work in real time with devices as does being on long term contracts. Its probably not the most consumer friendly solution because either the user or the client software would have to make some sort of arrangement with a manufacturer in advance either contract or lock. Anyways, yeah I can update the roadmap to reflect my investors interest in Hardware and mesh and tell them about your feedback. Be patient though, im really busy right now and I can't promise you will see their site updated before the ICO ends. On another topic, Skycoin is a fantastic project and we are watching it very closely. It may be more feasible to do it if Bitcoin was rewritten completely. Thanks for replying. It's very kind of you that being busy with development you still find time to talk to interested users and potential investors. Time well spent though, it will bring you quite a few BTCs :-))) You are absolutely right, and I have vested interest in all IoT coins as I am investing in BitBay, I will invest in GadgetCoin and once I have a clear answer from TileCoin about their tech I will be very interested in them too. You all try to come up with a novel technology, bring back the credibility to this scam driven altcoin market and you all deserve the investment. After this summer, and the so many scams, the infinite release of BTC/LTC clones, it's refreshing having novel ideas on the market. I have been wondering who is the Skycoin dev :-))) he is an unbelievable knowledgeable professional, I can't wait to see what he is going to create :-)) Anyway, lets make this work! Good luck for everyone to make some money with BitBay! |
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Any one knows, are these Vericoin cheerleaders scammers or they completely delusional and ignore the reality? Most of them like Lootz have daily job so they can't be stupid/delusional, so they must be scammers or some kind of con artists.
I just saw Lootz was posting that the pool has been switched off (another failure of course) and he says the buying pressure is coming back to Vericoin, because Supernet and the usual BS about how Vericoin will have world dominance very soon ... to scam people into this failing operation.
Just delusional. And not exactly bright, of course. Thanks, that's what I thought :-)) Safron looks interesting. There are lot of items on the roadmap, they must have a large team to be able to cope with that work load. Actually no, just an Indian guy that everyone seems to like and admire -and for good reason it seems- and a couple of collaborators. But the one it has is full time dedicated to the project --except for a coin that he recently "helped" develop. It seems it was just a passing distraction and he not only works full time on Saffron but is quick to answer questions in its uncensored thread. Have you seen their wallet? Not yet, but I understood from the description that it uses webkit so I assume an HTML5 interface was compiled into the wallet. I think you are quite right telling them to forget the decentralized exchange. In my opinion they wont be able to compete with BitBay's David Zimbeck, I have the impression that the guy is on a serious mission, he is in trouble in Cambodia so he need to make BitBay a success, and from the long discussion I had with him today it seems to me he - unlike our the Stooges - knows what he is doing and how to develop software. So, if I would be a safron dev I would take your advise and won't be competing with Bitbay at this stage. My opinion is not based on technical knowledge and capabilities -I believe Mohammed can compete with anyone on that aspect and come out the winner-, but on practical issues, most specifically the multinations agencies waging war on decentralized (so called) websites and the like. They just arrested Defcom and dismantled Silk Road 2 as well as put down more than 400 clandestine (so to speak) website... with much more to come, so soon that it is already in the final stages of the investigation process. No matter how you want to look at it or which coin has it (and tens are in the process of having it) a so called "decentralized exchange" is a nest for illegal activities. And the authorities simply will not tolerate them. It is as simple as that. Meanwhile what this guy at Saffron has achieved already is impressive -and not reflected at all in the market cap --I believe because the name is so... uninspiring- and it is a pity, in my view, that he would be wasting so much effort and so many resources on something that, ultimately, will not only not benefit the project but actually may cause it undoing. The legal risk and to not get into legal troubles are certainly a better argument against the decentralized exchange then worried about development issues. I have to agree with you that such feature doesn't worth the risks. I am not sure if the VRC devs consider the legal risk of the decentralized storage at all, probably not. |
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Any one knows, are these Vericoin cheerleaders scammers or they completely delusional and ignore the reality? Most of them like Lootz have daily job so they can't be stupid/delusional, so they must be scammers or some kind of con artists.
I just saw Lootz was posting that the pool has been switched off (another failure of course) and he says the buying pressure is coming back to Vericoin, because Supernet and the usual BS about how Vericoin will have world dominance very soon ... to scam people into this failing operation.
Just delusional. And not exactly bright, of course. Thanks, that's what I thought :-)) Safron looks interesting. There are lot of items on the roadmap, they must have a large team to be able to cope with that work load. Actually no, just an Indian guy that everyone seems to like and admire -and for good reason it seems- and a couple of collaborators. But the one it has is full time dedicated to the project --except for a coin that he recently "helped" develop. It seems it was just a passing distraction and he not only works full time on Saffron but is quick to answer questions in its uncensored thread. Have you seen their wallet? Not yet, but I understood from the description that it uses webkit so I assume an HTML5 interface was compiled into the wallet. I think you are quite right telling them to forget the decentralized exchange. In my opinion they wont be able to compete with BitBay's David Zimbeck, I have the impression that the guy is on a serious mission, he is in trouble in Cambodia so he need to make BitBay a success, and from the long discussion I had with him today it seems to me he - unlike our the Stooges - knows what he is doing and how to develop software. So, if I would be a safron dev I would take your advise and won't be competing with Bitbay at this stage. |
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Any one knows, are these Vericoin cheerleaders scammers or they completely delusional and ignore the reality? Most of them like Lootz have daily job so they can't be stupid/delusional, so they must be scammers or some kind of con artists.
I just saw Lootz was posting that the pool has been switched off (another failure of course) and he says the buying pressure is coming back to Vericoin, because Supernet and the usual BS about how Vericoin will have world dominance very soon ... to scam people into this failing operation.
Just delusional. And not exactly bright, of course. Thanks, that's what I thought :-)) Safron looks interesting. There are lot of items on the roadmap, they must have a large team to be able to cope with that work load. |
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Boys, I fully understand the VeriCoin developers appreciate your trolling here, Jay Jay, the new leader had even thanked for your hard trolling works, but the reality is
1) There are many disappointed investors who bought into the coin between 15K-50K, and they expect solution from the devs
2) In the meantime the developers work on other coins like ARCH and BYC instead of making effort to move VeriCoin forward
3) Fanboys and cheerleaders like yourself approve this non-development status-quo
4) While the coin is going down, instead of trying to focus on the solution you cheerleaders still try to trick uninformed and naive investors into the coin by keep misleading them with empty promises.
Pathetic and immoral really the way you bring VeriCoin to its complete extermination.
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Any one knows, are these Vericoin cheerleaders scammers or they completely delusional and ignore the reality? Most of them like Lootz have daily job so they can't be stupid/delusional, so they must be scammers or some kind of con artists.
I just saw Lootz was posting that the pool has been switched off (another failure of course) and he says the buying pressure is coming back to Vericoin, because Supernet and the usual BS about how Vericoin will have world dominance very soon ... to scam people into this failing operation.
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Damn thats what all your fuss is over?... equivalent to a few pairs of pants i make in china... lulz this gets better n better ever post. (btw I make most my products in Japan) Since your so strapped for cash I do feel for you, so whenever you feel ill gladly send you some clothes so your butt hurts a little less AltcoinUK although I do like naut and specifically saffron, I would be very careful on the advice you take from barbadook, figured you've learnt your lesson when u followed him like a puppy dog into brocoin, but hey your not the brightest tool in the shed My boy, we both know you are manufacturing absolutely nothing, you have nothing to do with Japan except you act like a delusional kamikaze by trolling in this thread and loosing the respect of both sides of the community. That's all I could tell you today :-)) I hope you understand that from my valuable time I can't give an 18 troll child like yourself more than this 1 minute :-)) |
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So far Barabbas was reasonably spot on with his analyses and assessments, especially the VRC specific ones, so lets check out NAUT :-)))
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