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

[pc888]

Bata has been added to the Hash Refinery multipool: http://pool.hashrefinery.com/site/gomining?algo=scrypt

Happy mining!

Thanks will update the forums and website soon

[1714609017]

1714609017

[1714609017]

1714609017

[maximo2121]

Bata has been added to the Hash Refinery multipool: http://pool.hashrefinery.com/site/gomining?algo=scrypt

Happy mining!

Thanks will update the forums and website soon

Is there any forecast of the return of the POS?

[pc888]

Bata has been added to the Hash Refinery multipool: http://pool.hashrefinery.com/site/gomining?algo=scrypt

Happy mining!

Thanks will update the forums and website soon

Is there any forecast of the return of the POS?

Hi thanks for the question.

Just to clarify when have always been POW.

The implementation of POS & POW will be soon, some delays have been incurred due to the holiday season and the distractions & interactions.

We understand the urgency and will ensure that we will release a new type of POW / POS hybrid wallet.

Dev support has confirmed these details with me.

I personally also feel that a release during one of the largest Bitcoin rallies of recent, would not be benefit $BTA, or supporters.

Midnight miner may want to chime in to add anything further to this question.

Thanks again for your interest and question.

[maximo2121]

Bata has been added to the Hash Refinery multipool: http://pool.hashrefinery.com/site/gomining?algo=scrypt

Happy mining!

Thanks will update the forums and website soon

Is there any forecast of the return of the POS?

Hi thanks for the question.

Just to clarify when have always been POW.

The implementation of POS & POW will be soon, some delays have been incurred due to the holiday season and the distractions & interactions.

We understand the urgency and will ensure that we will release a new type of POW / POS hybrid wallet.

Dev support has confirmed these details with me.

I personally also feel that a release during one of the largest Bitcoin rallies of recent, would not be benefit $BTA, or supporters.

Midnight miner may want to chime in to add anything further to this question.

Thanks again for your interest and question.

Thank you very much!

[pc888]

Bata has been added to the Hash Refinery multipool: http://pool.hashrefinery.com/site/gomining?algo=scrypt

Happy mining!

Thanks will update the forums and website soon

Is there any forecast of the return of the POS?

Hi thanks for the question.

Just to clarify when have always been POW.

The implementation of POS & POW will be soon, some delays have been incurred due to the holiday season and the distractions & interactions.

We understand the urgency and will ensure that we will release a new type of POW / POS hybrid wallet.

Dev support has confirmed these details with me.

I personally also feel that a release during one of the largest Bitcoin rallies of recent, would not be benefit $BTA, or supporters.

Midnight miner may want to chime in to add anything further to this question.

Thanks again for your interest and question.

Thank you very much!

Your welcome.

One thing to add is that we can upgrade to the latest litecoin core, with all its developments at any time.

[midnight_miner]

I will make a quick note to add to the latest developments. 

Some of the code that I have implemented in the transition to PoW & PoS for BATA was tested in another coin upgrade.  I experienced some issues in the update and I am using this as a learning experience to avoid similar issues with the transition with BATA.

I need to solve the current issues with the other coin, and those improvements will be implemented in the BATA update also.

[raimch89]

I will make a quick note to add to the latest developments. 

Some of the code that I have implemented in the transition to PoW & PoS for BATA was tested in another coin upgrade.  I experienced some issues in the update and I am using this as a learning experience to avoid similar issues with the transition with BATA.

I need to solve the current issues with the other coin, and those improvements will be implemented in the BATA update also.

other coin is xmine?

[pc888]

I will make a quick note to add to the latest developments.  

Some of the code that I have implemented in the transition to PoW & PoS for BATA was tested in another coin upgrade.  I experienced some issues in the update and I am using this as a learning experience to avoid similar issues with the transition with BATA.

I need to solve the current issues with the other coin, and those improvements will be implemented in the BATA update also.

other coin is xmine?

Xmine is a coin that Midnight Miner recently has begun development on.

[sulfurtank]

when can you expect to finalise barter?

All I can say it that development team should be testing the platform during the holidays. Timelines are for full time, funded developers - we are making progress.

you are not alone in the team?

He is a member of the development crew. He is voice of the company, their comrade and a good friend of mine. If ICO gets derailed he will be taking bullets and shouldering all the responsibility for mistakes of his ancestors.

[pc888]

when can you expect to finalise barter?

All I can say it that development team should be testing the platform during the holidays. Timelines are for full time, funded developers - we are making progress.

you are not alone in the team?

He is a member of the development crew. He is voice of the company, their comrade and a good friend of mine. If ICO gets derailed he will be taking bullets and shouldering all the responsibility for mistakes of his ancestors.

which IPO are you referring to sulfurtank?

[PumpMyCoin]

Dear BATA Investors-Developers

We would love to announce that your coin has been added to PumpMyCoin community public Votes.
you can participate in this vote on www.pumpmycoin.com to nominate your coin for the next PUMP.


sincerely
PumpMyCoin Team
We Pump But Never Dump

[pc888]

Dear BATA Investors-Developers

We would love to announce that your coin has been added to PumpMyCoin community public Votes.
you can participate in this vote on www.pumpmycoin.com to nominate your coin for the next PUMP.


sincerely
PumpMyCoin Team
We Pump But Never Dump

Hi thanks for reaching out.

Looks like an interesting project, but my concern who be creating "fake worth", what mechanism do you have to combat that?

Are people holding for a long term investment of the particular coin, is it just pumped to be converted to BTC?

I had a quick look, but wanted to know more.

[auden]

A key value proposition to some of the most successful cryptos is the concept of a guaranteed limited supply (bitcoin - only 21 million will ever  be created; similarly hard caps for NXT XRP, LTC MAID, SCJX and others...)

I would VERY strongly urge reconsideration of going to a POS system if that means the hard cap of ONLY 5,000,000 (five million coins) is lifted; low inflation is NOT a consideration - I want precisely ZERO inflation with respect to a maximum number of units that will ever exist

Instead i would focus on imposing some sort of transaction fee minimum or some other method.

I am working on supporting a group of coins and for that purpose I am only interested in coins with a hard cap... the reason I got some BTA in the first place was due to the 5 million hard cap - that goes away, and so does my interest in the coin...

If you can come up with a way to do POS WHERE THE MAX COINS THAT CAN EVER EXIST AT ANY GIVEN POINT IN TIME REMAINS AT 5,000,000 then I am OK witht he concept of transitioning to POS

(just my two-cents for what its worth)

[pc888]

A key value proposition to some of the most successful cryptos is the concept of a guaranteed limited supply (bitcoin - only 21 million will ever  be created; similarly hard caps for NXT XRP, LTC MAID, SCJX and others...)

I would VERY strongly urge reconsideration of going to a POS system if that means the hard cap of ONLY 5,000,000 (five million coins) is lifted; low inflation is NOT a consideration - I want precisely ZERO inflation with respect to a maximum number of units that will ever exist

Instead i would focus on imposing some sort of transaction fee minimum or some other method.

I am working on supporting a group of coins and for that purpose I am only interested in coins with a hard cap... the reason I got some BTA in the first place was due to the 5 million hard cap - that goes away, and so does my interest in the coin...

If you can come up with a way to do POS WHERE THE MAX COINS THAT CAN EVER EXIST AT ANY GIVEN POINT IN TIME REMAINS AT 5,000,000 then I am OK witht he concept of transitioning to POS

(just my two-cents for what its worth)

Thanks for your feedback. Your point is valid and correct.

Just to recap, it's POW / POS hybrid and yes mapping has been done to ensure we will have a total number of coins, which fits in with the POS / POW model.
This figures have been worked out and all will be revealed when before the switch. We are ensuring that everything works before it is released.

All details will be updated across all forms of communication available to $BTA.

We are nearing the 5 million Cap already, which would effectively shut down Bata's blockchain and future.

I have taken note of other coins and what happens with pure pos.

$BTA had a long pure POW period and it would only be fair to any newcomers and holders of $BTA that future ensures the same kind of returns, more details are provided previously about this in this forum.

After POW / POS is introduced, then we will see the Decentralized Barter System released and $BTA will then become a key component to replacing a "Trade Dollar", with a currency that is fully tradeable for many other cryptocurrencies, Bitcoin. $BTA can be used to leverage opportunity that a traditional Barter system cannot.

[auden]

thanks for your reply

to clarify, when you say

{"mapping has been done to ensure we will have a total number of coins"}

do you mean that the five million maximum will NOT CHANGE? or are you saying that the max cap will change?

please explain what you mean

I suggest that the max cap NOT CHANGE - after a cap is reached, I think the mining (whether it is POW  or POS or POW/POS hybrid) should be sustained by transaction fees and other fees but never by changing the cap AFTER a specified maximum cap was stated.

It is OK to have an unlimited supply coin as long as that was the stated policy from the start

But if the initial policy was a maximum cap of a specific amount, then it should remain fixed at that exact specific amount - the software can change but the max cap should never change after it has been advertised - - - just think about the mess if bitcoin decided "now we change software and the maximum bitcoins to be issued is 100 million" that would destroy the very idea of value by fixed deterministic mathematically bounded supply...

[pc888]

thanks for your reply

to clarify, when you say

{"mapping has been done to ensure we will have a total number of coins"}

do you mean that the five million maximum will NOT CHANGE? or are you saying that the max cap will change?

please explain what you mean

I suggest that the max cap NOT CHANGE - after a cap is reached, I think the mining (whether it is POW  or POS or POW/POS hybrid) should be sustained by transaction fees and other fees but never by changing the cap AFTER a specified maximum cap was stated.

It is OK to have an unlimited supply coin as long as that was the stated policy from the start

But if the initial policy was a maximum cap of a specific amount, then it should remain fixed at that exact specific amount - the software can change but the max cap should never change after it has been advertised - - - just think about the mess if bitcoin decided "now we change software and the maximum bitcoins to be issued is 100 million" that would destroy the very idea of value by fixed deterministic mathematically bounded supply...

The issue would be if we reached 5 million coins, the blockchain would stop. We are at 4,889,260 BTA

I have always stated when questioned about the 5 million total, that if or when the time comes we will look at a solution as a community.

We as a community have had much discussion regarding the matter. 

Discussion regarding the rate of what rewards should be and how it would affect the overall growth of BTA.

Yes, is the short answer, the amount will change, but the number of users will multiply due to proof of stake not requiring special equipment, so the network will grow  therefore the mapping was done to ensure that we can maintain a reward and network growth.

We are looking at long term. The value of $BTA has been in the network, this will not change, but the added value will be the Barter System, where $BTA will replace the trade dollar.

[auden]

you may have stated that when asked, etc.

but that was not stated in the specification

also, when the cap is reached, the blockchain does not need to stop - it can continue as long as there are nodes working, and those nodes can be incentivized via

(a) transaction fees or forging fees
(b) part of the fees from the trading/barter network can be donated to a pool from which mining rewards are paid

The irony is if the "value is in the network" then the network activity should be able to support this coin via fees; the purpose of a coin is not to be mined but to be used - mining is never to be an end in and of itself, but rather as a means to support use. If coin is not generating fees from USE then it should not be mined and should die.  If community truly was strong it would donate nodes to keep network alive after cap is reach (I know I would) It would be better to simply come up with another coin rather than change the specification w.r.t. maximum cap

simply changing the cap because a maximum amount reached is, to put it kindly, really very sloppy and ill-advised, and removes the meaning of a cap in the first place

I can no longer support this coin - I am selling out my stash

but I wish you the best

[pc888]

you may have stated that when asked, etc.

but that was not stated in the specification

also, when the cap is reached, the blockchain does not need to stop - it can continue as long as there are nodes working, and those nodes can be incentivized via

(a) transaction fees or forging fees
(b) part of the fees from the trading/barter network can be donated to a pool from which mining rewards are paid

The irony is if the "value is in the network" then the network activity should be able to support this coin via fees; the purpose of a coin is not to be mined but to be used - mining is never to be an end in and of itself, but rather as a means to support use. If coin is not generating fees from USE then it should not be mined and should die.  If community truly was strong it would donate nodes to keep network alive after cap is reach (I know I would) It would be better to simply come up with another coin rather than change the specification w.r.t. maximum cap

simply changing the cap because a maximum amount reached is, to put it kindly, really very sloppy and ill-advised, and removes the meaning of a cap in the first place

I can no longer support this coin - I am selling out my stash

but I wish you the best

I am sorry you feel that way.

Many others have scammed their way forward, we have been clear and open. The community voted on the number of coins as a total, so I guess we made an error of judgement, but it happened that way. Read from start to finish all the details are there.

I cannot control what you do or what the community decides.

I maybe the founder, but not dictator.

We made BTA available across many pools, forums, exchanges etc.

People sell hold or sold for various reasons.

The goal is long term and we are keep our cards close to our chest regarding the Barter platform or a reason.

[raimch89]

 This market is in danger of de-listing due to low trade volume and lack of user interest. It may be removed on Friday, January 27th 2017 unless the average daily trade volume for the last 14 days exceeds 0.5 BTC. If you would like to keep the market listed, please encourage the development team to contact us at support@bittrex.com. If you have questions about the policy, please see https://bittrex.zendesk.com/hc/en-us/articles/202583874.

[pc888]

This market is in danger of de-listing due to low trade volume and lack of user interest. It may be removed on Friday, January 27th 2017 unless the average daily trade volume for the last 14 days exceeds 0.5 BTC. If you would like to keep the market listed, please encourage the development team to contact us at support@bittrex.com. If you have questions about the policy, please see https://bittrex.zendesk.com/hc/en-us/articles/202583874.

Thanks for letting everyone know who has not visited Bittrex.

We are not the only ones. The volume issue keeps coming up with Bittrex and most probably will if they keep raising the volume level.

This has a negative impact on confidence in BTA each time it happens. 

We are spread across exchanges, so if we will continue on our path.

We may also have something "big" unexpected in the pipeline, but I will not reveal until it is set in stone.