BATA BTA ◈ OLD THREAD - NOW @ https://bitcointalk.org/index.php?topic=2297895.0

[pc888]

More info to come on whitepaper regarding features etc. Keep tuned.

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[JeanOffman]

Did you get a response from Bittrex ?

[pc888]

Did you get a response from Bittrex ?

No response from Bittrex as yet, but I am sure they are snowed under with support emails, due to the potential number of cryptocurrencies facing delistment.

Either way it's an opportunity to pick up some BTA before all is revealed.

[pc888]

I have been contacted a member of the community how stated:

"You might have to put up your coins on the sell side to get bought as there isn't enough liquidity."

My Response was:

"Its up to Bittrex management if volume is not going to get us across the line. I am not going to sell BTA to ensure we stay listed."

I would like to restate the following:

Bata did not have the luxury of a premine, a crowdfund, an ICO or any other practices that funded the project.

I personally had to get BTA the same way everyone has to get it. I do hold a large wallet, but I will not dump my coins or sell anywhere near the price is now.

Traders you're welcome to have a field day, but don't forget the larger picture here.

We all started this together, look back from page one.

I have absorbed the costs associated with development, upgrades etc. Hosting, domains etc. My time & notably my electricity.

I must say I have had some help with community members for the blockchain hosting.

We have big plans for Bata, which dev support crunching numbers and churning out code.

As I said last time it would be sad if Bittrex delists us, but that has not yet happened, so we should not speculate.

BTA liquidity is there if you are not dreaming.

I can't build a wall of BTA buys.

[raimch89]

I have been contacted a member of the community how stated:

"You might have to put up your coins on the sell side to get bought as there isn't enough liquidity."

My Response was:

"Its up to Bittrex management if volume is not going to get us across the line. I am not going to sell BTA to ensure we stay listed."

I would like to restate the following:

Bata did not have the luxury of a premine, a crowdfund, an ICO or any other practices that funded the project.

I personally had to get BTA the same way everyone has to get it. I do hold a large wallet, but I will not dump my coins or sell anywhere near the price is now.

Traders you're welcome to have a field day, but don't forget the larger picture here.

We all started this together, look back from page one.

I have absorbed the costs associated with development, upgrades etc. Hosting, domains etc. My time & notably my electricity.

I must say I have had some help with community members for the blockchain hosting.

We have big plans for Bata, which dev support crunching numbers and churning out code.

As I said last time it would be sad if Bittrex delists us, but that has not yet happened, so we should not speculate.

BTA liquidity is there if you are not dreaming.

I can't build a wall of BTA buys.

this guy is stupid

[tolikkk]

I have put together a white paper that is in working progress.

More information will be added once we are getting closer to release.

https://bata.money/downloads/BataWhitePaper.pdf

Bata is a fork of bitcoin or is it a separate cryptocurrency?

Bata's source code is based on Bitcoin / Litecoin core, with modifications.

tested and proven Protocol, the waste, think with the technical aspects of the special problems will arise, people looking for something similar, in any case, pay attention to the BTA and will not have problems with either lack of technology or technical re-training, in addition to POS will attract serious investors and financial instruments will be provided

[midnight_miner]

Here is a glimpse of my proposal for the implementation of the BATA PoS model.

The blockchain will use the difficulty calculation - Dark Gravity Well v3 (DGW3) to adjust the staking reward. [...] There is a difference from most PoS type coins.  Most PoS coins use the difficulty to adjust the ability of a coin to claim a staking reward. [...] The Bata staking will have consistent staking intervals for coinbase of 1000 Bata or more, but will adjust the staking reward based on the difficulty.

The original target was to reward a 1000 Bata coinbase with a staking reward of 1 Bata after a 7 day period.  This type of stake reward would leave inflation unchecked, and could result in PoS rewards out pacing the PoW rewards increasing the coin supply too quickly. [...] A coin supply the expands too quickly, result in a deflation in the value of the coin.  If the new coins sit stagnant in staking wallets the coin supply does not generate or attract new value to the market value.  This is what occurs with the majority of now dead PoS coins.  Sitting in wallets staking and not much more, hoping for something of value to occur.

In order to provide a fair and even distribution of the staking rewards to most staking wallets, all while keeping inflation and the growth of the coin supply to support a growing trading/barter market the following model was developed for the stake rewards.


... to be continued in the white paper updates 

[pc888]

Here is a glimpse of my proposal for the implementation of the BATA PoS model.

The blockchain will use the difficulty calculation - Dark Gravity Well v3 (DGW3) to adjust the staking reward. [...] There is a difference from most PoS type coins.  Most PoS coins use the difficulty to adjust the ability of a coin to claim a staking reward. [...] The Bata staking will have consistent staking intervals for coinbase of 1000 Bata or more, but will adjust the staking reward based on the difficulty.

The original target was to reward a 1000 Bata coinbase with a staking reward of 1 Bata after a 7 day period.  This type of stake reward would leave inflation unchecked, and could result in PoS rewards out pacing the PoW rewards increasing the coin supply too quickly. [...] A coin supply the expands too quickly, result in a deflation in the value of the coin.  If the new coins sit stagnant in staking wallets the coin supply does not generate or attract new value to the market value.  This is what occurs with the majority of now dead PoS coins.  Sitting in wallets staking and not much more, hoping for something of value to occur.

In order to provide a fair and even distribution of the staking rewards to most staking wallets, all while keeping inflation and the growth of the coin supply to support a growing trading/barter market the following model was developed for the stake rewards.


... to be continued in the white paper updates 

Thanks for the update.
I will spread it over the other forums.

[tolikkk]

Here is a glimpse of my proposal for the implementation of the BATA PoS model.

The blockchain will use the difficulty calculation - Dark Gravity Well v3 (DGW3) to adjust the staking reward. [...] There is a difference from most PoS type coins.  Most PoS coins use the difficulty to adjust the ability of a coin to claim a staking reward. [...] The Bata staking will have consistent staking intervals for coinbase of 1000 Bata or more, but will adjust the staking reward based on the difficulty.

The original target was to reward a 1000 Bata coinbase with a staking reward of 1 Bata after a 7 day period.  This type of stake reward would leave inflation unchecked, and could result in PoS rewards out pacing the PoW rewards increasing the coin supply too quickly. [...] A coin supply the expands too quickly, result in a deflation in the value of the coin.  If the new coins sit stagnant in staking wallets the coin supply does not generate or attract new value to the market value.  This is what occurs with the majority of now dead PoS coins.  Sitting in wallets staking and not much more, hoping for something of value to occur.

In order to provide a fair and even distribution of the staking rewards to most staking wallets, all while keeping inflation and the growth of the coin supply to support a growing trading/barter market the following model was developed for the stake rewards.


... to be continued in the white paper updates 

pretty smart scheme, POS, I think that now the main role, in addition to investment, will play a justification of POS, its feasibility in specific designs, the benefits for investors, technical processing of a particular POS, it is important to choose POS by intentions and, of course, strongly to declare through advertising, negotiations, withpaper, conference

[pc888]

Here is a glimpse of my proposal for the implementation of the BATA PoS model.

The blockchain will use the difficulty calculation - Dark Gravity Well v3 (DGW3) to adjust the staking reward. [...] There is a difference from most PoS type coins.  Most PoS coins use the difficulty to adjust the ability of a coin to claim a staking reward. [...] The Bata staking will have consistent staking intervals for coinbase of 1000 Bata or more, but will adjust the staking reward based on the difficulty.

The original target was to reward a 1000 Bata coinbase with a staking reward of 1 Bata after a 7 day period.  This type of stake reward would leave inflation unchecked, and could result in PoS rewards out pacing the PoW rewards increasing the coin supply too quickly. [...] A coin supply the expands too quickly, result in a deflation in the value of the coin.  If the new coins sit stagnant in staking wallets the coin supply does not generate or attract new value to the market value.  This is what occurs with the majority of now dead PoS coins.  Sitting in wallets staking and not much more, hoping for something of value to occur.

In order to provide a fair and even distribution of the staking rewards to most staking wallets, all while keeping inflation and the growth of the coin supply to support a growing trading/barter market the following model was developed for the stake rewards.


... to be continued in the white paper updates 

pretty smart scheme, POS, I think that now the main role, in addition to investment, will play a justification of POS, its feasibility in specific designs, the benefits for investors, technical processing of a particular POS, it is important to choose POS by intentions and, of course, strongly to declare through advertising, negotiations, withpaper, conference

I think so too.

Keep tuned.

[thoth-Atlantian]

the price is holding up pretty well considering the blood bath on all other alts, I have taken a few months off cryptos, but nice to come back and see this is surviving better than alot of other seemingly good coins. Will have to read back through thread to catch up 

[pc888]

the price is holding up pretty well considering the blood bath on all other alts, I have taken a few months off cryptos, but nice to come back and see this is surviving better than alot of other seemingly good coins. Will have to read back through thread to catch up 

It's good to hear from you again.

We have proven over time that BTA is here to stay.

Take a good took at what we are setting out to achieve and why it makes sense.

"Localisation" and "the sharing economy" are the key to success of trade and a Barter System that rewards users for trading real $Bata instead of company owned trade dollars has numerous benefits over current models.

[pc888]

I have advised Bittrex of the update to whitepaper, as it looking like volume is not going to get us across the line.

https://www.bittrex.com/Market/Index?MarketName=BTC-BTA

There is a lot of BTA available to buy, anything between 2000 sats to 4000 sats is a great buy considering staking & Barter Market / System is on the way.

[pc888]

I have advised Bittrex of the update to whitepaper, as it looking like volume is not going to get us across the line.

https://www.bittrex.com/Market/Index?MarketName=BTC-BTA

There is a lot of BTA available to buy, anything between 2000 sats to 4000 sats is a great buy considering staking & Barter Market / System is on the way.

I received notification from Bill @ Bittrex that BTA will remain listed at Bittrex, but we need the volume to rise according to the daily Bittrex requirement by January:

https://bittrex.zendesk.com/hc/en-us/articles/202583874-Bittrex-Market-Removal-Policy-Updated-12-01-16

Happy trading.

[pc888]

If you can see past all these "ICO's", which turned have brushed aside the fundamentals of a decentralized currency, then let's hear from you, better still actions speak louder than words.

One word "Securities" comes to mind and in the end all securities are regulated.

Relying on third party system cannot be the solution for any cryptocurrency.

[pc888]

Let's get some buying happening or trading across all our exchanges.

We are at a low price now, across many exchanges, we are flying very low under the radar.

The problem is it is too low. The spreads are easy to manipulate due to small sell orders driving the price down.

If you are looking to purchase BTA, obviously you want it at the lowest price, but keep in mind things will soon change with releases coming.

Many have stated it previously, including myself, that BTA is at bargain prices right now.

[pc888]

As per previous post:

[pc888]

Clearly my message got across...not.

$11 usd trading today (across all exchanges)

Not very reassuring to say the least.

[BestTwitterTrader]

Months later and you've still done nothing to provide value to this coin.

A reminder that an active developer is simply not enough. People actually want utility.

You reach out to the community for input, that's nice, but it shows your lack of direction yourself.

It all lies on you as well. One man shows typically don't end well.

Figure out what you want this coin to do, and do it. Barter is really really stupid. All of crypto and all markets are barter, exchanging one symbol for another.

You had the anon angle and it seems like you just threw that shit out. This is just another coin.

[midnight_miner]

Months later and you've still done nothing to provide value to this coin.

A reminder that an active developer is simply not enough. People actually want utility.

You reach out to the community for input, that's nice, but it shows your lack of direction yourself.

It all lies on you as well. One man shows typically don't end well.

Figure out what you want this coin to do, and do it. Barter is really really stupid. All of crypto and all markets are barter, exchanging one symbol for another.

You had the anon angle and it seems like you just threw that shit out. This is just another coin.

... and Newbie troll posts carry as much weight as the number of posts on their status.  near zero.