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Author Topic: [ANN] [ICO] BITBASE Escrow Technology Changing Smart Contracts as Whole  (Read 100162 times)
EnrichNaija
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November 03, 2017, 05:55:21 PM
 #1441


This project will not fail.
Let the dumpers dump their coins.



All I have to say is one thing. I promise it wouldn't be like this if people were patient. IT HAS LITERALLY BEEN A FEW DAYS. IM SURE YOU CAN BARELY DO ANYTHING OTHER THAN SIT ON YOUR ASS, EAT AND FUD THIS DAMN COIN IN A FEW DAYS. BUT YOU EXPECT ADMIN TO HAVE EVERYTHING DELIVERED ON A DAMN PLATTER. ALL OTHER RECENT ICO'S ARE HAVING THE SAME PROBLEM. If this is the end of btbc, then not only is it a failure by the community, but it's a waste of a damn good platform.
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November 03, 2017, 05:59:30 PM
 #1442

What​ ​is​ ​BITBASE

Website bitbase.io

BITBASE is the very first coin that has changed smart contracting as a whole and fixed it’s
flaws, BITBASE is the very first coin to allow you to recover your coins in case of a transaction
that goes bad. This could be useful in many ways, along with that companies like
www.escrow.com , www.ebay.com , www.paypal.com and many more can implement it, Why
should these companies integrate BITBASE, BITBASE coin could easily be integrated with their
buyer/seller protection feature.


BITBASE is not just a coin it’s an advancement to the blockchain technology as a whole it
doesn't just end there. BITBASE also offers a unique VISA card that allows users to shop online
with ease and no hassle.


Why we invented BITBASE, in the Crypto industry there are many scammers about with the
current crypto technology, due to that the crypto technology is rising very slowly with BITBASE
technology in place the calculations show that the crypto technology market will attract more
people everyday, since people will not fear losing their coins.
BITBASE team, you will find all the information about the BITBASE team below on this WHITE
PAPER and also on the homepage of www.btibase.io
BITBASE the future of cryptocurrency. Now let's see some advantages of BITBASE




I. You can buy / sell with a piece of mind, you won't lose clients because they won't have
to worry about being scammed.



II. 5x faster than smart contacting.



III. Simple and easy to use system with detailed explanation to accept the coin with the
current payment gateway you are already using.



1)Traditional​ ​concept


Traditionally, Person A sends the funds to Person B, and in turn Person B sends item to Person
A to complete the trade.
In a smart contract; there is an additional level of protection, unfortunately it protects the buyer
only. When conducting a trade with a smart contract, Person A sends coins via Escrow feature
(smart contract) where both parties must agree to release the coins to complete the transaction.
However if the buyer does not agree, the funds or coins are returned to the buyer after a time
limit. There is a huge flaw in today’s blockchain smart contracts, because they only protect the
buyers.




In fact today’s smart contracts may very well promote fraud on the part of the buyers. If a seller
has shipped a product or item, and the smart contract keeps the coins held in escrow until both
parties agree to release them, but what if the buyer decides not to release or confirm the
transaction, despite the fact that they received the goods? Any buyer can easily take advantage
of this huge flaw in the so called smart contracts.
If confirmation is not received by both sides, the coins are eventually returned to the buyer, after
a predetermined time limit. In this case the seller losses the product and eventually will be out of
business. We can clearly see that today’s blockchain smart contracts are in fact far from being
smart.



2)​ ​Our​ ​Difference.​ ​The​ ​Concept:


In our system, let's assume: we have a group chat. Person A and Person B are trading. Both
ask Person C to send them an escrow identifier, Person C generates one (through his wallet)
and pastes it in the chat, Person C also gets a unique hash password to control the outcome of
the transaction. Once both parties are happy, Person C releases the money. If either one of the
parties is not happy, then the transaction is held in escrow during the dispute process, until such
time that a resolution has been determined. E.G: like Paypal dispute & resolution center.
Person A binds the transaction (coin-cli generate payment [amount] [recipient’s address]
[escrow ID]) to the escrow identifier and gives them the payment hash which can be seen at the
blockchain explorer. Person B sends the item to Person A.




3)​ ​Case:​ ​Both​ ​parties​ ​are​ ​happy


Both parties ask the escrow to release the funds. Escrow executes the command: coin-cli
release funds [escrow ID] [escrow PASSWORD]



4)​ ​Case:​ ​Parties​ ​are​ ​not​ ​happy



In case of dispute, escrow decides in favor of Person A, then he/she can execute coin-cli return
funds [escrow ID] [escrow PASSWORD], otherwise if Escrow sides with Person B, then coin-cli
release funds [escrow ID] [escrow PASSWORD]




5)​ ​Normal​ ​Send/Receive​ ​Transactions:


If user wants to send a transaction as a normal payment, user can choose to do so, and it will
just be broadcasted to the network just like bitcoin, but if they want to send via escrow the
concept above should take place this can be done with the existing bitcoin code. You can find
several links and Bitcoin commands at the bottom of this page that will make more sense to
developers.



6)​ ​Case​ ​Studies:


A programmatically API will help you extend the functionalities of the BITBASE coin!
1. For companies like Escrow.com and PayPal, they can act as the direct escrow with the
assistance of our programmable node. They will be able to generate escrow ID, process
transactions, release funds all programmatically. This could integrate well with their buyer/seller
protection feature.



2. Similarly for companies like eBay, Amazon, our smart contract BITBASE technology will allow
any company, business or online website to use the node to generate escrow requests on the
go. They can decide to release the funds after X days after buyer expresses their satisfaction.
They could relatively depend upon the seller's reputation. Good reputation, less time to release
funds.

============

We are hiring developers for the bitbase escrow technology, Use the contact form here to apply https://bitbase.io/contact-us

https://bitbase.io


now bitbase price is $0.255546
samsonn25
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November 03, 2017, 06:00:01 PM
 #1443

All I have to say is one thing. I promise it wouldn't be like this if people were patient. IT HAS LITERALLY BEEN A FEW DAYS. IM SURE YOU CAN BARELY DO ANYTHING OTHER THAN SIT ON YOUR ASS, EAT AND FUD THIS DAMN COIN IN A FEW DAYS. BUT YOU EXPECT ADMIN TO HAVE EVERYTHING DELIVERED ON A DAMN PLATTER. ALL OTHER RECENT ICO'S ARE HAVING THE SAME PROBLEM. If this is the end of btbc, then not only is it a failure by the community, but it's a waste of a damn good platform.

Because alot of people bought cheap, thats why we are at .18 cents

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November 03, 2017, 06:12:27 PM
 #1444

YAKOV, I'm thinking people already realise they messed up.  Grin

BTBc could easily go back to $1 if you would allow people to put their coins to lending at $1. This should be a 48 hour limited time offer. I hope your project can sustain such generous offer to its investors.

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November 03, 2017, 06:17:36 PM
 #1445

Yakov should have locked down the investors (for 30 days) who bought the 20 million coins between  $0.02 to $0.10

Instead he lock down the average person who bought between $0.60 to $1.00
techtrader250
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November 03, 2017, 06:19:59 PM
 #1446

Yakov should have locked down the investors (for 30 days) who bought the 20 million coins between  $0.02 to $0.10

Instead he lock down the average person who bought between $0.60 to $1.00

I bought at $0.5. I was OK with my funds being locked into lending. (I had like $100 daily profits lol)
People were just too stupid to hope for cashing out at x20 instantly having profits out of thin air.

Everyone were guaranteed to have their PROFITS protected from price fluctuations. They started bitching and complaining about not having immediate x6. Now they got what they asked for.

I was happy tbh to have my holding secured in x2.5 of my initial investment. Fucking psycho FUDers just ruined it.
CratosMan
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November 03, 2017, 06:24:55 PM
 #1447

So will your tokens be mined?
samsonn25
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November 03, 2017, 06:29:36 PM
 #1448

Yakov should have locked down the investors (for 30 days) who bought the 20 million coins between  $0.02 to $0.10

Instead he lock down the average person who bought between $0.60 to $1.00

I bought at $0.5. I was OK with my funds being locked into lending. (I had like $100 daily profits lol)
People were just too stupid to hope for cashing out at x20 instantly having profits out of thin air.

Everyone were guaranteed to have their PROFITS protected from price fluctuations. They started bitching and complaining about not having immediate x6. Now they got what they asked for.

I was happy tbh to have my holding secured in x2.5 of my initial investment. Fucking psycho FUDers just ruined it.

I was ok too, No choiuce.

Yakov made it worse by reversing the loans.  and open the flood gates, there is like 15-20 million coins bought at 10 cents or less.

SMH

Lucky he has Millions to buy them back cheaper, then one day the next couple months he will  pump it back up.
techtrader250
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November 03, 2017, 06:32:06 PM
 #1449

Yakov should have locked down the investors (for 30 days) who bought the 20 million coins between  $0.02 to $0.10

Instead he lock down the average person who bought between $0.60 to $1.00

I bought at $0.5. I was OK with my funds being locked into lending. (I had like $100 daily profits lol)
People were just too stupid to hope for cashing out at x20 instantly having profits out of thin air.

Everyone were guaranteed to have their PROFITS protected from price fluctuations. They started bitching and complaining about not having immediate x6. Now they got what they asked for.

I was happy tbh to have my holding secured in x2.5 of my initial investment. Fucking psycho FUDers just ruined it.

I was ok too, No choiuce.

Yakov made it worse by reversing the loans.  and open the flood gates, there is like 15-20 million coins bought at 10 cents or less.

SMH

Lucky he has Millions to buy them back cheaper, then one day the next couple months he will  pump it back up.

I'm thinking the smarter way to do this would be to allow people to lend at $1.2 (so people who bought at $1 have a little profit too).
All BTBc coins would return into lending holdings very quickly. Actually Yakov made the right choice to show people what would happen if he allowed them to sell it. Community will become stronger now I think.
Lisk-investor
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November 03, 2017, 06:37:45 PM
 #1450

just relax everything is clear now. let the past behind.
i bought 17k around $0,80 i dont worry. price will be back upp next hours/days and buying more at lower price made my ico price lower.

cant wait to see $1 + again going to lock in some loans

Lisk.
   Develop Decentralized Applications & Sidechains in JavaScript with Lisk!
    Website | Blog | BTT Thread | Chat - Be part of the decentralized application
BTC_TYCOIN
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November 03, 2017, 06:38:04 PM
 #1451

Yakov should have locked down the investors (for 30 days) who bought the 20 million coins between  $0.02 to $0.10

Instead he lock down the average person who bought between $0.60 to $1.00

I bought at $0.5. I was OK with my funds being locked into lending. (I had like $100 daily profits lol)
People were just too stupid to hope for cashing out at x20 instantly having profits out of thin air.

They were guaranteed to have their PROFITS protected from price fluctuations. They started bitching and complaining for not having immediate x6. Now they got what they asked for.

 now that all the weak hands and internet bums have gotten their scraps, the dev can now focus on the path to riches.
dionebtc
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November 03, 2017, 06:40:45 PM
 #1452

*reads 20 pages of forum while sipping coffee*

drama drama drama...
samsonn25
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November 03, 2017, 06:51:54 PM
 #1453

Agree it is stabilizing now. 

.35 is still cheap to buy, im gonna add today
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November 03, 2017, 07:11:13 PM
 #1454

Currently reading the wp. Seems interesting,  but I have a feeling like I have already seen smth quite similar.  Did you research the market,  how many competitors are there in this field?
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November 03, 2017, 07:14:49 PM
 #1455

Agree it is stabilizing now.  

.35 is still cheap to buy, im gonna add today

Hi guys i am interested where bitbase coin is listed? dont look like sam coin to me , we need to be pateint btc is quite strong at them moment! I am just wondering log into my account but the airdrop is not there anymore, why?

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Caporale
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November 03, 2017, 07:23:51 PM
 #1456

why they now removed the loans?
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November 03, 2017, 07:25:23 PM
 #1457

Yakov -

The best idea that I have seen is what Hextracoin did.  Create an internal coin, BitBase Platinum, to be airdropped into everyone's wallet based on  a snapshot on a certain day, say 12/31/17 at 11:59pm.  Give something similar to what Hextracoin did maybe 1 BitBase Platinum coin for every 4 or 5 BTBc that is in your wallet.  The BitBase Platinum coin is worth $20 (Hextracoin Gold's value) or something substantial like that. The airdrop will happen a week after the snapshot.  The BitBase Platinum coin is only for lending and must be used in 15 days.  It is for a short loan like 30-60 days and at a special interest rate.  It would be best to say the rate ahead of time to create the buzz so that everyone would know exactly what is going to happen.  Then the at the end of the 30-60 days, the $ amount of the BitBase Platinum is released to the lending wallet or you could make it role over into a normal loan (that way the $ stays in BitBase for another 120 days or something).  This would immediately increase the value of the BTBc and give a reason for people to hold the BTBc for a couple of months and let BitBase get established.

Also, if you give a better ratio to the BTBc that is in loans at the time(1 Platinum for every 2 or 3 BTBc in loans), then everyone would make loans which gives the BTBc back to BitBase and allows BitBase to sell the coin at a higher price than the loan was made.  This would work and allow BitBase to increase the value of the BTBc and restore the credibility of the platform.  It would also be ok to give me a tip for suggesting it.

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November 03, 2017, 07:33:58 PM
 #1458



Dear members,

Thank you everyone for not loosing faith in BTBc and continue the journey with people that are actually interesting in changing something.

Currently for the last 24 hours ranking according to coinmarketcap.com we are on number #42 in World Coins with a total of 0.06% total transactions worldwide, that is an incredible start and with more exchangers added that will only grow grow and grow.

Best Regards





==**== BITBASE.IO ICO/INVESTMENT PROGRAM  ==**==
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November 03, 2017, 07:35:51 PM
 #1459

Dev did open now my web wallet from your website, cannot find anymore my airdrop why? did you sell my airdrop?

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November 03, 2017, 07:42:09 PM
 #1460

Can someone point me out where I can see the blockchain for BTCb
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