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

[Testudoguy]

@mycoinbtc

Some time ago BTA was submitted to Poloniex and they do not allow duplicate submissions. Not long ago I replied to the ticket asking whether they would take a look again at BTA, but the ticket was closed with no response.

Recently I sent out a tweet asking whether anyone would like to see BTA listed on Poloniex just to see if there was interest. There appears to be interest, but maybe not enough.

Thanks.

then maybe in the future...

Poloniex has less listings than Bittrex and both are based in the USA.  If there was an exchange to consider next, I would recommend Livecoin.net based in the UK.  I think Bleutrade in the only exposure Bata has in Europe.

https://www.livecoin.net/en/coin-listing

Good thing is that we have been listed on Livecoin for some time already

Opps!  I guess I have been asleep on that one!

I guess I will jump over there for some market support!

No problems - thx

Is there a wallet for windows on github page to download?

[tolikkk]

Hi - It is nice to see this project getting some much deserved interest. It has been clear to me for some time that the fundamentals behind this coin are very strong; strong support from miners, fair distribution, low supply and active founder looking to improve and launch new features.

The questions now are around what does the future hold?? We know that there has been some work conducted on a blockchain upgrade to convert to a POS/POW Hybrid with supernodes and that there is now interest from a start up project (EntangleIT) to collaborate on nthCoin (https://github.com/nthCoin/nthCoin/blob/master/README.md) which is under development.

So some question I have are:

1. When is the POS/POW upgrade likely to take place?
2. How many BTA will be required to run a supernode?
3. What will the interest rate be?
4. How will staking rewards be calculated
5. What are the likely synergies that can be created with EntangleIT  
6. Any other news to look forward to this year

Thank you in advanced for your reply.

Skuff

Sorry for the delay in response and thanks for contacting me to prompt me to reply.

Thanks for the questions I will answer it as best as possible because I need the ok to go ahead and release information regarding EntangleIT.


1. POS/POW update will be soon, I cannot give an exact date as Midnight Miner is the process.
2. Supernode the exact number will be released when POW/POS Hybrid is released.
3. Interest rate aiming at 5%
4. Staking rewards calcuation: https://docs.google.com/spreadsheets/d/1AbIs8NQrgHyhYMFcNR0h7IhbEze0xuoM_WplpDYaNyk/edit?usp=sharing (not final copy)
5. EntangleIT will empower cryptocurrencies do be able to complete tasks.
6. Barter Platform & App.

If Midnight has anything to add please do so.

you want to say that the total coins of bta together with POS equal to about 10 mil?

[midnight_miner]

Hi - It is nice to see this project getting some much deserved interest. It has been clear to me for some time that the fundamentals behind this coin are very strong; strong support from miners, fair distribution, low supply and active founder looking to improve and launch new features.

The questions now are around what does the future hold?? We know that there has been some work conducted on a blockchain upgrade to convert to a POS/POW Hybrid with supernodes and that there is now interest from a start up project (EntangleIT) to collaborate on nthCoin (https://github.com/nthCoin/nthCoin/blob/master/README.md) which is under development.

So some question I have are:

1. When is the POS/POW upgrade likely to take place?
2. How many BTA will be required to run a supernode?
3. What will the interest rate be?
4. How will staking rewards be calculated
5. What are the likely synergies that can be created with EntangleIT  
6. Any other news to look forward to this year

Thank you in advanced for your reply.

Skuff

Sorry for the delay in response and thanks for contacting me to prompt me to reply.

Thanks for the questions I will answer it as best as possible because I need the ok to go ahead and release information regarding EntangleIT.


1. POS/POW update will be soon, I cannot give an exact date as Midnight Miner is the process.
2. Supernode the exact number will be released when POW/POS Hybrid is released.
3. Interest rate aiming at 5%
4. Staking rewards calcuation: https://docs.google.com/spreadsheets/d/1AbIs8NQrgHyhYMFcNR0h7IhbEze0xuoM_WplpDYaNyk/edit?usp=sharing (not final copy)
5. EntangleIT will empower cryptocurrencies do be able to complete tasks.
6. Barter Platform & App.

If Midnight has anything to add please do so.

you want to say that the total coins of bta together with POS equal to about 10 mil?

That is presented as a possible option if and depending when the PoS starts and how many wallets are staking.

It is presented as a mathematical projection of the possibility of increasing the money supply to include a PoW / PoS hybrid in the future.

It is up to the community to decide how and where we go.

[tolikkk]

Hi - It is nice to see this project getting some much deserved interest. It has been clear to me for some time that the fundamentals behind this coin are very strong; strong support from miners, fair distribution, low supply and active founder looking to improve and launch new features.

The questions now are around what does the future hold?? We know that there has been some work conducted on a blockchain upgrade to convert to a POS/POW Hybrid with supernodes and that there is now interest from a start up project (EntangleIT) to collaborate on nthCoin (https://github.com/nthCoin/nthCoin/blob/master/README.md) which is under development.

So some question I have are:

1. When is the POS/POW upgrade likely to take place?
2. How many BTA will be required to run a supernode?
3. What will the interest rate be?
4. How will staking rewards be calculated
5. What are the likely synergies that can be created with EntangleIT  
6. Any other news to look forward to this year

Thank you in advanced for your reply.

Skuff

Sorry for the delay in response and thanks for contacting me to prompt me to reply.

Thanks for the questions I will answer it as best as possible because I need the ok to go ahead and release information regarding EntangleIT.


1. POS/POW update will be soon, I cannot give an exact date as Midnight Miner is the process.
2. Supernode the exact number will be released when POW/POS Hybrid is released.
3. Interest rate aiming at 5%
4. Staking rewards calcuation: https://docs.google.com/spreadsheets/d/1AbIs8NQrgHyhYMFcNR0h7IhbEze0xuoM_WplpDYaNyk/edit?usp=sharing (not final copy)
5. EntangleIT will empower cryptocurrencies do be able to complete tasks.
6. Barter Platform & App.

If Midnight has anything to add please do so.

you want to say that the total coins of bta together with POS equal to about 10 mil?

That is presented as a possible option if and depending when the PoS starts and how many wallets are staking.

It is presented as a mathematical projection of the possibility of increasing the money supply to include a PoW / PoS hybrid in the future.

It is up to the community to decide how and where we go.

but I see that pos minimum level starts with 1000 coins , I don't think most can be to achieve the pos, should be stretched over 10 years

[midnight_miner]

Hi - It is nice to see this project getting some much deserved interest. It has been clear to me for some time that the fundamentals behind this coin are very strong; strong support from miners, fair distribution, low supply and active founder looking to improve and launch new features.

The questions now are around what does the future hold?? We know that there has been some work conducted on a blockchain upgrade to convert to a POS/POW Hybrid with supernodes and that there is now interest from a start up project (EntangleIT) to collaborate on nthCoin (https://github.com/nthCoin/nthCoin/blob/master/README.md) which is under development.

So some question I have are:

1. When is the POS/POW upgrade likely to take place?
2. How many BTA will be required to run a supernode?
3. What will the interest rate be?
4. How will staking rewards be calculated
5. What are the likely synergies that can be created with EntangleIT  
6. Any other news to look forward to this year

Thank you in advanced for your reply.

Skuff

Sorry for the delay in response and thanks for contacting me to prompt me to reply.

Thanks for the questions I will answer it as best as possible because I need the ok to go ahead and release information regarding EntangleIT.


1. POS/POW update will be soon, I cannot give an exact date as Midnight Miner is the process.
2. Supernode the exact number will be released when POW/POS Hybrid is released.
3. Interest rate aiming at 5%
4. Staking rewards calcuation: https://docs.google.com/spreadsheets/d/1AbIs8NQrgHyhYMFcNR0h7IhbEze0xuoM_WplpDYaNyk/edit?usp=sharing (not final copy)
5. EntangleIT will empower cryptocurrencies do be able to complete tasks.
6. Barter Platform & App.

If Midnight has anything to add please do so.

you want to say that the total coins of bta together with POS equal to about 10 mil?

That is presented as a possible option if and depending when the PoS starts and how many wallets are staking.

It is presented as a mathematical projection of the possibility of increasing the money supply to include a PoW / PoS hybrid in the future.

It is up to the community to decide how and where we go.

but I see that pos minimum level starts with 1000 coins , I don't think most can be to achieve the pos, should be stretched over 10 years

I agree.  The model shows the most accelerated case, or the shortest time to reach a money supply.  In real world it would be dependent on the amount of coins staking and the amount of coins in actual trading.  If the coins are active in transactions, there is less need for growing the money supply if the currency is fluid and used for active transactions.

The PoS method that is not detailed on the spreadsheet but will be included in the whitepaper is different from a standard interest based PoS.  The method and explanation of the PoS will be more detailed in the whitepaper.

I still need more testing before release.

 

[pc888]

Hi - It is nice to see this project getting some much deserved interest. It has been clear to me for some time that the fundamentals behind this coin are very strong; strong support from miners, fair distribution, low supply and active founder looking to improve and launch new features.

The questions now are around what does the future hold?? We know that there has been some work conducted on a blockchain upgrade to convert to a POS/POW Hybrid with supernodes and that there is now interest from a start up project (EntangleIT) to collaborate on nthCoin (https://github.com/nthCoin/nthCoin/blob/master/README.md) which is under development.

So some question I have are:

1. When is the POS/POW upgrade likely to take place?
2. How many BTA will be required to run a supernode?
3. What will the interest rate be?
4. How will staking rewards be calculated
5. What are the likely synergies that can be created with EntangleIT  
6. Any other news to look forward to this year

Thank you in advanced for your reply.

Skuff

Sorry for the delay in response and thanks for contacting me to prompt me to reply.

Thanks for the questions I will answer it as best as possible because I need the ok to go ahead and release information regarding EntangleIT.


1. POS/POW update will be soon, I cannot give an exact date as Midnight Miner is the process.
2. Supernode the exact number will be released when POW/POS Hybrid is released.
3. Interest rate aiming at 5%
4. Staking rewards calcuation: https://docs.google.com/spreadsheets/d/1AbIs8NQrgHyhYMFcNR0h7IhbEze0xuoM_WplpDYaNyk/edit?usp=sharing (not final copy)
5. EntangleIT will empower cryptocurrencies do be able to complete tasks.
6. Barter Platform & App.

If Midnight has anything to add please do so.

you want to say that the total coins of bta together with POS equal to about 10 mil?

That is presented as a possible option if and depending when the PoS starts and how many wallets are staking.

It is presented as a mathematical projection of the possibility of increasing the money supply to include a PoW / PoS hybrid in the future.

It is up to the community to decide how and where we go.

but I see that pos minimum level starts with 1000 coins , I don't think most can be to achieve the pos, should be stretched over 10 years

I agree.  The model shows the most accelerated case, or the shortest time to reach a money supply.  In real world it would be dependent on the amount of coins staking and the amount of coins in actual trading.  If the coins are active in transactions, there is less need for growing the money supply if the currency is fluid and used for active transactions.

The PoS method that is not detailed on the spreadsheet but will be included in the whitepaper is different from a standard interest based PoS.  The method and explanation of the PoS will be more detailed in the whitepaper.

I still need more testing before release.

 

Good to see discussion. We are open to your thoughts and contributions. Thanks everyone.

[Palaxidon]

I really cannot weit to see this on Poloniex! We should all continue to contact them and request to add BATA! 

[pc888]

I really cannot weit to see this on Poloniex! We should all continue to contact them and request to add BATA! 

By all means if you would like to see BTA on Poloniex feel free to let them know:

https://poloniex.com/coinRequest

Thanks

[pc888]

I really cannot weit to see this on Poloniex! We should all continue to contact them and request to add BATA! 

By all means if you would like to see BTA on Poloniex feel free to let them know:

https://poloniex.com/coinRequest

Thanks

I re-submitted, so please don't spam Poloniex.

Thanks

[Fallenzz]

From 16000 to 1600 nice increase lol
Volume 2 btc a day yeah polo will add it xD and the dev and his friends hold 50%

[Profit Hunters Club]

From 16000 to 1600 nice increase lol
Volume 2 btc a day yeah polo will add it xD and the dev and his friends hold 50%

https://chainz.cryptoid.info/bta/#!wallets

Largest Guesstimated Wallets

Rank   Name   Addresses   Net Worth   Percent of coins   Last Change
1   BEJQx7EA...   235   1,689,490 BTA   34.40 %   34.40 %   25 minutes
2   BCpmn5bs...   2   894,322 BTA   18.21 %   52.61 %   18 hours 49 minutes
3   BAusmQYE...   1   503,557 BTA   10.25 %   62.86 %   4 days 17 hours
4   BCUVBYyb...   1   443,999 BTA   9.04 %   71.90 %   441 days 11 hours
5   BD7S41eo...   217   206,738 BTA   4.21 %   76.11 %   25 minutes
6   BN5Gixtx...   6   118,755 BTA   2.42 %   78.53 %   226 days 18 hours
7   BJsPi7rK...   1   115,974 BTA   2.36 %   80.89 %   15 days 8 hours
8   BCT6HtMb...   1   100,474 BTA   2.05 %   82.94 %   183 days 20 minutes
9   BDbTG1Jf...   158   92,536 BTA   1.88 %   84.82 %   25 minutes
10   BQdAdrA5...   1   64,072 BTA   1.30 %   86.12 %   15 days 5 hours
11   BRQwtCva...   1   50,008 BTA   1.02 %   87.14 %   13 days 14 hours
12   B5SEKaXN...   3   37,973 BTA   0.77 %   87.92 %   4 days 22 hours
13   B6yLjaMQ...   1   28,421 BTA   0.58 %   88.49 %   232 days 4 hours
14   B7NEQ4fr...   1   26,179 BTA   0.53 %   89.03 %   162 days 13 hours
15   BEyHjuxH...   84   22,159 BTA   0.45 %   89.48 %   25 minutes


If you actually look at the numbers, the largest wallet belongs to an exchange platform, 5th and 9th can also be assumed the same.

The developer (wallet #2) only holds 18% (not pre-mined) and if you assume his "friends" are wallets #3 and #4 they still only hold 37.5% of total coins. You should probably present your arguments with real facts, before you assume others will quickly adopt your opinions.  

Someone/or a group has been selling a bunch of newly minted coins, this large sell volume has kept the price low.

Bittrex sell orders total: 479,149.349 BTA and one can assume that the largest wallet belongs to them... LESS THAN HALF of the total BATA coins held by Bittrex at the moment are for sale... the majority of investors are holding and not dumping their coins, they left them in Bittrex because they're waiting for the wallet update to be released. DEMAND for this coin is still at 1,238,528.611 BTA  so even if the price goes down to 0.00000001  in the short term, the long trend will be up. if everyone who wants BATA coins waits as long as possible to buy them, then they will get exponentially cheaper if someone is really eager to sell them.

[pc888]

From 16000 to 1600 nice increase lol
Volume 2 btc a day yeah polo will add it xD and the dev and his friends hold 50%

https://chainz.cryptoid.info/bta/#!wallets

Largest Guesstimated Wallets

Rank   Name   Addresses   Net Worth   Percent of coins   Last Change
1   BEJQx7EA...   235   1,689,490 BTA   34.40 %   34.40 %   25 minutes
2   BCpmn5bs...   2   894,322 BTA   18.21 %   52.61 %   18 hours 49 minutes
3   BAusmQYE...   1   503,557 BTA   10.25 %   62.86 %   4 days 17 hours
4   BCUVBYyb...   1   443,999 BTA   9.04 %   71.90 %   441 days 11 hours
5   BD7S41eo...   217   206,738 BTA   4.21 %   76.11 %   25 minutes
6   BN5Gixtx...   6   118,755 BTA   2.42 %   78.53 %   226 days 18 hours
7   BJsPi7rK...   1   115,974 BTA   2.36 %   80.89 %   15 days 8 hours
8   BCT6HtMb...   1   100,474 BTA   2.05 %   82.94 %   183 days 20 minutes
9   BDbTG1Jf...   158   92,536 BTA   1.88 %   84.82 %   25 minutes
10   BQdAdrA5...   1   64,072 BTA   1.30 %   86.12 %   15 days 5 hours
11   BRQwtCva...   1   50,008 BTA   1.02 %   87.14 %   13 days 14 hours
12   B5SEKaXN...   3   37,973 BTA   0.77 %   87.92 %   4 days 22 hours
13   B6yLjaMQ...   1   28,421 BTA   0.58 %   88.49 %   232 days 4 hours
14   B7NEQ4fr...   1   26,179 BTA   0.53 %   89.03 %   162 days 13 hours
15   BEyHjuxH...   84   22,159 BTA   0.45 %   89.48 %   25 minutes


If you actually look at the numbers, the largest wallet belongs to an exchange platform, 5th and 9th can also be assumed the same.

The developer (wallet #2) only holds 18% (not pre-mined) and if you assume his "friends" are wallets #3 and #4 they still only hold 37.5% of total coins. You should probably present your arguments with real facts, before you assume others will quickly adopt your opinions.

Are we not all friends?

Remember BTA was developed for a reason. It was started with the help of the community. Those who believe will hold, those who cannot see the vision will trade.

I maybe put a percentage of coins away that I hold, but rest assured that what I own will not be used in anyway that does not benefit Bata's vision.

[pc888]

From 16000 to 1600 nice increase lol
Volume 2 btc a day yeah polo will add it xD and the dev and his friends hold 50%

The only reason I would like to see BTA listed on Poloniex is to get more BTA into hands before POW / POS and further developments.

More exposure, greater community.

[gembitz]

From 16000 to 1600 nice increase lol
Volume 2 btc a day yeah polo will add it xD and the dev and his friends hold 50%

The only reason I would like to see BTA listed on Poloniex is to get more BTA into hands before POW / POS and further developments.

More exposure, greater community.

BTA is a good project with honest smallish community i wanna see more of what we can trade on the blockchain we are willing to donate a $1000 gemstone to this effort of proof of coin!! :-D

[midnight_miner]

Just an update on how things are progressing.  This is by no means an attempt to pump the price with fake news.

DISCLAIMER:  Nothing will be released in the next week or two, it may take possibly a month or two, depending on my personal schedule.

I am working on the core 0.10 update to the Bata wallet code.  If you look at the node list at http://bata.midnightminer.net/network (set it to show 100 entries) and you will see a client running Satoshi:0.10.4

That is the current development code under test.  I am waiting for some more equipment to arrive to perform more testing on the wallet code.

Before we migrate to Hybrid Pow/Pos wallet I need to perform more testing not only on the new core, but on the new model that we will be attempting to implement.  It is a new type of PoS model that is not currently used (as far as I have researched).  I would like to make sure it works before we release it to the network.

Please be patient on the next release. I would like to only do it once, and not have to release fixes for unforeseen bugs.  A poorly released hard-fork on a popular or up and coming coin such as Bata could definitely affect its project and future value.

I am configuring 2 separate test networks.
 - 1st network is an official managed Testnet to test all changes to the wallet code from this next release and future releases.
 - 2nd network will be to test the new Hybrid PoW/PoS wallet code.  That will require several 7-30 day trials to ensure the new PoS model is operating properly.

More updates to come as things progress.

[Profit Hunters Club]

Just an update on how things are progressing.  This is by no means an attempt to pump the price with fake news.
..........
More updates to come as things progress.

Sounds like things are moving along quite well.
Slow and steady wins the race!
Very exciting to hear all these improvements are moving along as planned.
Thanks for your hard work development team, patience is key!
We're happy to assist in beta testing if required.

[pc888]

Thanks Midnight, for updating the community.

I would like to share a video that Richard Hein posted on LinkedIn, which I shared on twitter:

Vinod Vaikuntanathan - Lattices and Cryptography: A Match Made in Heaven - YouTube

https://twitter.com/Bata_Money/status/834670745334603776

This will give you an understanding of how Lattices & Cryptography will related to EntangleIT's project.

[HatZpApA]

It is nice to see the development of BTA , in which i invested recently .I hope we can make BTA greater over time !

[pc888]

It is nice to see the development of BTA , in which i invested recently .I hope we can make BTA greater over time !

Thank you. It won't be long now.

[Testudoguy]

It is nice to see the development of BTA , in which i invested recently .I hope we can make BTA greater over time !

Thank you. It won't be long now.

Is there any planned release or real usage of bata in
near future?