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

[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.

I might also add that we are not a "Token" as referred to on Bittrex:

Note: The average minimum volume requirement in December 2016 increased to 0.5 BTC per day.  Any market flagged will need to get their average volume over a 14 day period up to 0.5 BTC. 

Please refer to this article: https://bittrex.zendesk.com/hc/en-us/articles/202583874 if you have any questions.  We are available to discuss the policy through our slack.  For an invite, visit http://slack.bittrex.com. 

 

The following markets will be removed on January 27th, 2017:

BTC-VIRAL

BTC-MTR

BTC-SOIL

BTC-METAL

BTC-FRK

BTC-XC

BTC-BSTY

BTC-XCO

BTC-GHC

BTC-NTRN

BTC-VPN

BTC-WARP

BTC-ARB

BTC-XQN

BTC-DES

BTC-U

 

These markets are flagged for potential removal on 01/27/17 due to lack of interest.  If you would like to see these markets stay on Bittrex, please show us there is still community interest in the tokens through trading.  If you are the developer, please contact us and let us know if there is ongoing development of your token.

BTC-8BIT
BTC-BITB
BTC-BITS
BTC-BLC
BTC-BRX
BTC-BTA
BTC-DGC
BTC-ENRG
BTC-EXCL
BTC-FAIR
BTC-FLO
BTC-GEMZ
BTC-GEO
BTC-GP
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BTC-HYPER
BTC-HZ
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BTC-KR
BTC-LXC
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BTC-MEME
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BTC-NAUT
BTC-NEOS
BTC-NET
BTC-NEU
BTC-OK
BTC-ORB
BTC-PKB
BTC-PTC
BTC-PXI
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BTC-SEC
BTC-SHIFT
BTC-SLG
BTC-STV
BTC-SWING
BTC-THC
BTC-TRIG
BTC-TX
BTC-UNB
BTC-UNIQ
BTC-UNO
BTC-UTC
BTC-VIA
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BTC-VRM
BTC-XMG
BTC-XVC

[1715124790]

1715124790

[1715124790]

1715124790

[1715124790]

1715124790

[leigh2k14]

Interesting project, has potential. I'm in

[pc888]

Interesting project, has potential. I'm in

Welcome to the community and thank you for the support.

[pineapple216]

Bata Dev's, can you make a request to Poloniex, so that they add BTA?

[leigh2k14]

Interesting project, has potential. I'm in

Welcome to the community and thank you for the support.

I don't want to pin a time frame on you, but roughly how long till the bata exchange will be ready.

[pc888]

Bata Dev's, can you make a request to Poloniex, so that they add BTA?

We have a few more things in the pipeline to be completed and implemented first.

[pc888]

Interesting project, has potential. I'm in

Welcome to the community and thank you for the support.

I don't want to pin a time frame on you, but roughly how long till the bata exchange will be ready.

I will be able to give more of an update soon regarding the exchange & additional news.

[leigh2k14]

Interesting project, has potential. I'm in

Welcome to the community and thank you for the support.

I don't want to pin a time frame on you, but roughly how long till the bata exchange will be ready.

I will be able to give more of an update soon regarding the exchange & additional news.

There's a quite a few people looking at this right now, keep the good news coming, it should increase the volume, make this coin more desirable.

This should do really well over the coming weeks/months. Let's see if we can bump that marketcap upto where it belongs.

Leigh.

[midnight_miner]

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

Current PoW reward is 0.78125 Bata per block. So the money supply will not be reached anytime soon.  Since the halving of the reward happens every 100 000 blocks the money supply will be reached somewhere after block 1.8M when the PoW reward is 0.00009536.

It has taken 20 months to reach block ~550K, therefore block 1.8M is approx. 3-4 years away before we reach coin supply.

The type of PoS proposed for Bata will add a maximum of 225000 Bata per year assuming all wallets are staking (not likely to be achieved).
So adding to the total coin supply would allow the coin to introduce a higher minimum block reward for PoW AND/OR a modest PoS reward to keep stability in the network.

Relying on pure PoW mining when the coin supply is reached has not been very successful for other coins that have reached their coin supply.  

We will see how the PoW participation scales as the PoW rewards continue to decrease.  If the value of Bata continues to rise, then yes, PoW mining will continue to support the network.  But if PoW mining participation drops enough to only a couple of pools, then the stability of the blockchain will become an issue.  At that point, extending the coin supply to increase the PoW mining reward or implementing PoS will be needed to maintain the network stability.

Nothing is iminent at the moment, but there is planning going on to prepare for the possible scenarios.

[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

Current PoW reward is 0.78125 Bata per block. So the money supply will not be reached anytime soon.  Since the halving of the reward happens every 100 000 blocks the money supply will be reached somewhere after block 1.8M when the PoW reward is 0.00009536.

It has taken 20 months to reach block ~550K, therefore block 1.8M is approx. 3-4 years away before we reach coin supply.

The type of PoS proposed for Bata will add a maximum of 225000 Bata per year assuming all wallets are staking (not likely to be achieved).
So adding to the total coin supply would allow the coin to introduce a higher minimum block reward for PoW AND/OR a modest PoS reward to keep stability in the network.

Relying on pure PoW mining when the coin supply is reached has not been very successful for other coins that have reached their coin supply.  

We will see how the PoW participation scales as the PoW rewards continue to decrease.  If the value of Bata continues to rise, then yes, PoW mining will continue to support the network.  But if PoW mining participation drops enough to only a couple of pools, then the stability of the blockchain will become an issue.  At that point, extending the coin supply to increase the PoW mining reward or implementing PoS will be needed to maintain the network stability.

Nothing is iminent at the moment, but there is planning going on to prepare for the possible scenarios.

We will always look to ensure that BTA is community driven to empower.

Timing is the key, watching, learning and listening.

Thanks Midnight.

Thanks also to those who have supported BTA in the past, present and future.

[chrysophylax]

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

Current PoW reward is 0.78125 Bata per block. So the money supply will not be reached anytime soon.  Since the halving of the reward happens every 100 000 blocks the money supply will be reached somewhere after block 1.8M when the PoW reward is 0.00009536.

It has taken 20 months to reach block ~550K, therefore block 1.8M is approx. 3-4 years away before we reach coin supply.

The type of PoS proposed for Bata will add a maximum of 225000 Bata per year assuming all wallets are staking (not likely to be achieved).
So adding to the total coin supply would allow the coin to introduce a higher minimum block reward for PoW AND/OR a modest PoS reward to keep stability in the network.

Relying on pure PoW mining when the coin supply is reached has not been very successful for other coins that have reached their coin supply.  

We will see how the PoW participation scales as the PoW rewards continue to decrease.  If the value of Bata continues to rise, then yes, PoW mining will continue to support the network.  But if PoW mining participation drops enough to only a couple of pools, then the stability of the blockchain will become an issue.  At that point, extending the coin supply to increase the PoW mining reward or implementing PoS will be needed to maintain the network stability.

Nothing is iminent at the moment, but there is planning going on to prepare for the possible scenarios.

We will always look to ensure that BTA is community driven to empower.

Timing is the key, watching, learning and listening.

Thanks Midnight.

Thanks also to those who have supported BTA in the past, present and future.

hi mate - im back ... finally ...

there is a few things that have happened for a while - and used the 'crysx' profile for quite some time now ...

there is a deal that you and i did a while back - and you donated a sum of coins to get that deal sealed ... so far - i have done very little with that - but have been building the infrastructure for cwi - and the business itself ... now its time to make good on what we originally agreed to do ...

with your help - ill get this all sorted in the coming weeks ...

#crysx

[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

Current PoW reward is 0.78125 Bata per block. So the money supply will not be reached anytime soon.  Since the halving of the reward happens every 100 000 blocks the money supply will be reached somewhere after block 1.8M when the PoW reward is 0.00009536.

It has taken 20 months to reach block ~550K, therefore block 1.8M is approx. 3-4 years away before we reach coin supply.

The type of PoS proposed for Bata will add a maximum of 225000 Bata per year assuming all wallets are staking (not likely to be achieved).
So adding to the total coin supply would allow the coin to introduce a higher minimum block reward for PoW AND/OR a modest PoS reward to keep stability in the network.

Relying on pure PoW mining when the coin supply is reached has not been very successful for other coins that have reached their coin supply.  

We will see how the PoW participation scales as the PoW rewards continue to decrease.  If the value of Bata continues to rise, then yes, PoW mining will continue to support the network.  But if PoW mining participation drops enough to only a couple of pools, then the stability of the blockchain will become an issue.  At that point, extending the coin supply to increase the PoW mining reward or implementing PoS will be needed to maintain the network stability.

Nothing is iminent at the moment, but there is planning going on to prepare for the possible scenarios.

We will always look to ensure that BTA is community driven to empower.

Timing is the key, watching, learning and listening.

Thanks Midnight.

Thanks also to those who have supported BTA in the past, present and future.

hi mate - im back ... finally ...

there is a few things that have happened for a while - and used the 'crysx' profile for quite some time now ...

there is a deal that you and i did a while back - and you donated a sum of coins to get that deal sealed ... so far - i have done very little with that - but have been building the infrastructure for cwi - and the business itself ... now its time to make good on what we originally agreed to do ...

with your help - ill get this all sorted in the coming weeks ...

#crysx

Nice to hear back from you - check DM.

[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

Current PoW reward is 0.78125 Bata per block. So the money supply will not be reached anytime soon.  Since the halving of the reward happens every 100 000 blocks the money supply will be reached somewhere after block 1.8M when the PoW reward is 0.00009536.

It has taken 20 months to reach block ~550K, therefore block 1.8M is approx. 3-4 years away before we reach coin supply.

The type of PoS proposed for Bata will add a maximum of 225000 Bata per year assuming all wallets are staking (not likely to be achieved).
So adding to the total coin supply would allow the coin to introduce a higher minimum block reward for PoW AND/OR a modest PoS reward to keep stability in the network.

Relying on pure PoW mining when the coin supply is reached has not been very successful for other coins that have reached their coin supply.  

We will see how the PoW participation scales as the PoW rewards continue to decrease.  If the value of Bata continues to rise, then yes, PoW mining will continue to support the network.  But if PoW mining participation drops enough to only a couple of pools, then the stability of the blockchain will become an issue.  At that point, extending the coin supply to increase the PoW mining reward or implementing PoS will be needed to maintain the network stability.

Nothing is iminent at the moment, but there is planning going on to prepare for the possible scenarios.

We will always look to ensure that BTA is community driven to empower.

Timing is the key, watching, learning and listening.

Thanks Midnight.

Thanks also to those who have supported BTA in the past, present and future.

hi mate - im back ... finally ...

there is a few things that have happened for a while - and used the 'crysx' profile for quite some time now ...

there is a deal that you and i did a while back - and you donated a sum of coins to get that deal sealed ... so far - i have done very little with that - but have been building the infrastructure for cwi - and the business itself ... now its time to make good on what we originally agreed to do ...

with your help - ill get this all sorted in the coming weeks ...

#crysx

Nice to hear back from you - check DM.

I am not sure whether you are aware, but:

granite pool - Home
grn-pool.granitecoin.com/
This site may harm your computer.
... we have been alpha testing for the past few months as the official pool in the CWI pool system ... this closure is part of the restructure for ChainWorks Industries ...

[chrysophylax]

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

Current PoW reward is 0.78125 Bata per block. So the money supply will not be reached anytime soon.  Since the halving of the reward happens every 100 000 blocks the money supply will be reached somewhere after block 1.8M when the PoW reward is 0.00009536.

It has taken 20 months to reach block ~550K, therefore block 1.8M is approx. 3-4 years away before we reach coin supply.

The type of PoS proposed for Bata will add a maximum of 225000 Bata per year assuming all wallets are staking (not likely to be achieved).
So adding to the total coin supply would allow the coin to introduce a higher minimum block reward for PoW AND/OR a modest PoS reward to keep stability in the network.

Relying on pure PoW mining when the coin supply is reached has not been very successful for other coins that have reached their coin supply.  

We will see how the PoW participation scales as the PoW rewards continue to decrease.  If the value of Bata continues to rise, then yes, PoW mining will continue to support the network.  But if PoW mining participation drops enough to only a couple of pools, then the stability of the blockchain will become an issue.  At that point, extending the coin supply to increase the PoW mining reward or implementing PoS will be needed to maintain the network stability.

Nothing is iminent at the moment, but there is planning going on to prepare for the possible scenarios.

We will always look to ensure that BTA is community driven to empower.

Timing is the key, watching, learning and listening.

Thanks Midnight.

Thanks also to those who have supported BTA in the past, present and future.

hi mate - im back ... finally ...

there is a few things that have happened for a while - and used the 'crysx' profile for quite some time now ...

there is a deal that you and i did a while back - and you donated a sum of coins to get that deal sealed ... so far - i have done very little with that - but have been building the infrastructure for cwi - and the business itself ... now its time to make good on what we originally agreed to do ...

with your help - ill get this all sorted in the coming weeks ...

#crysx

Nice to hear back from you - check DM.

I am not sure whether you are aware, but:

granite pool - Home
grn-pool.granitecoin.com/
This site may harm your computer.
... we have been alpha testing for the past few months as the official pool in the CWI pool system ... this closure is part of the restructure for ChainWorks Industries ...

yup ...

thats the google intensive check facility ... some browsers dont see it - and allow access ...

we have closed that pool now anyway - and have started the cwi-pool system ... granite is coming out of beta ( from alpha ) into full production next week ... same with ozziecoin and a number of others ...

chainworks industries ( cwi ) is our umbrella that covers all the projects now ... from coins to pools to all the other projects ...

i had 'lost' this profile on bct and have been accessing bct via 'crysx' ... so now that full access has been regained ( tanx to cyrus ( bct mod ) and a few others ) - ill be changing a number of things ...

cwi-pool system ...
http://pool.chainworksindustries.com/ ...

cwi-pool system direct granite pool ...
http://pool.chainworksindustries.com/grn/ ...

a few more pools are on the way - as is a number of major changes to the cwi ecosystem ... and when its all finalized - the new custom cwi-stratum will be moved to its own separate server system ... separating it from the pool and from the coin daemons ...

a LOT has been going on in the last year ...

is bata still minable? ...

in any case - the older grn pool will be shutdown in the coming week ...

tanx for notifying me anyway ...

btw - i am now located on the gold coast - queensland ...

#crysx

[pc888]

@ #crysx

Yes BTA is still mineable.

Midnight Miner updated the community just before you chimed in.

Current PoW reward is 0.78125 Bata per block. So the money supply will not be reached anytime soon.  Since the halving of the reward happens every 100 000 blocks the money supply will be reached somewhere after block 1.8M when the PoW reward is 0.00009536.

It has taken 20 months to reach block ~550K, therefore block 1.8M is approx. 3-4 years away before we reach coin supply.

The type of PoS proposed for Bata will add a maximum of 225000 Bata per year assuming all wallets are staking (not likely to be achieved).
So adding to the total coin supply would allow the coin to introduce a higher minimum block reward for PoW AND/OR a modest PoS reward to keep stability in the network.

Relying on pure PoW mining when the coin supply is reached has not been very successful for other coins that have reached their coin supply.  

We will see how the PoW participation scales as the PoW rewards continue to decrease.  If the value of Bata continues to rise, then yes, PoW mining will continue to support the network.  But if PoW mining participation drops enough to only a couple of pools, then the stability of the blockchain will become an issue.  At that point, extending the coin supply to increase the PoW mining reward or implementing PoS will be needed to maintain the network stability.

Nothing is imminent at the moment, but there is planning going on to prepare for the possible scenarios.

[chrysophylax]

@ #crysx

Yes BTA is still mineable.

Midnight Miner updated the community just before you chimed in.

Current PoW reward is 0.78125 Bata per block. So the money supply will not be reached anytime soon.  Since the halving of the reward happens every 100 000 blocks the money supply will be reached somewhere after block 1.8M when the PoW reward is 0.00009536.

It has taken 20 months to reach block ~550K, therefore block 1.8M is approx. 3-4 years away before we reach coin supply.

The type of PoS proposed for Bata will add a maximum of 225000 Bata per year assuming all wallets are staking (not likely to be achieved).
So adding to the total coin supply would allow the coin to introduce a higher minimum block reward for PoW AND/OR a modest PoS reward to keep stability in the network.

Relying on pure PoW mining when the coin supply is reached has not been very successful for other coins that have reached their coin supply.  

We will see how the PoW participation scales as the PoW rewards continue to decrease.  If the value of Bata continues to rise, then yes, PoW mining will continue to support the network.  But if PoW mining participation drops enough to only a couple of pools, then the stability of the blockchain will become an issue.  At that point, extending the coin supply to increase the PoW mining reward or implementing PoS will be needed to maintain the network stability.

Nothing is imminent at the moment, but there is planning going on to prepare for the possible scenarios.

would it be worth setting a pool on the cwi-pool system for bata? ...

the question is whether people would mine there or not - which is what i meant by 'worth' it ...

there will be another 7pools being setup in the coming week - and bata can be one of them ...

PoS on a PoW system makes a lot of sense - and as a hybrid coin - would mean more bata in the wallet ... though PoS alone always seem to have issues one way or another ... this is the direction we are going with granite - though that project will have a HUGE amount more than just that ... a lot of the ideas i had originally - are coming to development fruition ...

in any case - ill be around for a while yet mate ... as this year is the year we bring out to the public - not just work in the background and backend ...

#crysx

[pc888]

@ #crysx

Ultimately it would come up to the miners whether they mine BTA on the pool and whether you would like to host it.

[chrysophylax]

@ #crysx

Ultimately it would come up to the miners whether they mine BTA on the pool and whether you would like to host it.

well ...

if its up to me - ill be looking at setting one up next week alongside the additional 7pools ...

...

#crysx

[pc888]

Good coin. BUT!!! https://www.virustotal.com/ru/file/e6a141ad6f0207ab6337368e01f3ad46fea35954d7bbb3b0f4b405ef062d0e97/analysis/1474221378/  

Yes it will show as a Bitcoin Miner trojan, because it does contain the same code as the Bitcoin wallet.  The current BATA wallet is derived from an older version of the Bitcoin core (0.8.6.2).  I would interpret this as a false positive.

I have been running this wallet for a while now and have not noticed any irregular behavior compared to other wallets.

It's good to be aware of any virus detection that occurs with the wallet.

Thank you for the heads up!

Just time to have to fix it  

We will have it fixed, no need to worry. 11 Exchanges run the wallet and have had no issues.

Just to clear things up regarding the false positives.

[midnight_miner]

wtf just tried to download the bata windows wallet and got a trojan called coin stealer?
please answer asap and others be careful right now until we know whats going on.

Where did you download it from?  What version?