BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open

[dzimbeck]

may i ask..
why the interest only 1%...?
Dev

Thats what they chose its pretty standard. I might have them change it on fork.

sometimes i wonder why only 1%
why not 5-10% ?its very ideal..i think
so the people will be interested to hold their coin
how do you think?

Because I would rather peg to a dollar and grow VALUE by 5% a month than to charge interest and increase supply thus decreasing price/value.

[JackTheShipper]

Because I would rather peg to a dollar and grow VALUE by 5% a month than to charge interest and increase supply thus decreasing price/value.

Could you explain what you mean by grow value by 5% a month?

[VampiricElder]

Im happy with 1%

More coins = higher chance of decline in value

[brookefinancial]

2 million coins dumped on Bittrex to 254 satoshi, now trading at 270 sat, might be a good entry point if price stabilize over 270 sat.

AY BAY BAY

[unusualfacts30]

2 million coins dumped on Bittrex to 254 satoshi, now trading at 270 sat, might be a good entry point if price stabilize over 270 sat.

AY BAY BAY

As I mentioned before...biggest holder has only 1.02% of 1 billion coins..that is 10 million coins. You will hardly see major dump with Bay because one person doesn't hold more than 25 BTC worth of coins and market will soon return to where it was before the dump. Nothing to worry about.

What would 25 or even 100 btc dump would do to a coin that has market cap of 3000 BTC?

piss in the snow. 

[canary]

2 million coins dumped on Bittrex to 254 satoshi, now trading at 270 sat, might be a good entry point if price stabilize over 270 sat.

AY BAY BAY

As I mentioned before...biggest holder has only 1.02% of 1 billion coins..that is 10 million coins. You will hardly see major dump with Bay because one person doesn't hold more than 25 BTC worth of coins and market will soon return to where it was before the dump. Nothing to worry about.

What would 25 or even 100 btc dump would do to a coin that has market cap of 3000 BTC?

piss in the snow.  

Agree that, now we hold on to 270 sat and 300 sat is coming next c'mon guys!

[PTseller]

i will buy if all promise get deliver on time  or i will wait for 10 sat price  good luck with the project

[digicidal]

i will buy if all promise get deliver on time   or i will wait for 10 sat price   good luck with the project

10 sat would definitely mean a dead coin... so you are looking to buy a dead coin?  I'm pretty sure I have a few I'd be happy to let go at 10 sats... but not my BAY.

If all promises get delivered on time, then you will be looking at more like a 3K sats or higher price (pre-hedging that is).  The market alone even in beta would easily command a cap of over $10M if it's being used by even a small minority of those who were using either SR2 or buying off Overstock, etc. with BTC.  You're definitely on the 'safer' road, but there's not a whole lot of returns to be had doing it that way.  

Or is there some huge marketplace where everyone is spending all their alt-coins that have over a $1M market cap? (With a little 'creative rounding' all of the top 10 coins have a $10M or higher cap currently...)

[Kevinrasf]

Silly folks pushing down price again with sell orders of 500 BAY @ BTER.


What a  bunch of desperate people, they make me laugh

[digicidal]

Silly folks pushing down price again with sell orders of 500 BAY @ BTER.


What a  bunch of desperate people, they make me laugh

But just think of all those sats they're making in profit... 

[gomei]

2 million coins dumped on Bittrex to 254 satoshi, now trading at 270 sat, might be a good entry point if price stabilize over 270 sat.

AY BAY BAY

I regret that selling at 25 sat before, much huge ICO till now.
but I will watch.

[Toxamax]

I'm not really interested in discussing short term price. 

BUT I suspect that the resistance around 300 sat will remain for a while. People know that many folks have bought their coins to sell them again around that point again. They just don't know how many of them are still left in that pool.   

It's a bit of a game being played right now but eventually that will pass.

[CryptoClub]

Im happy with 1%

More coins = higher chance of decline in value

I agree. I would much rather they add value than just increase the interest.

[smallbay]

I'm gonna ask again since no one answered me a few pages back. Do we have an ETA on smart contacts?

[wpstudio]

I'm gonna ask again since no one answered me a few pages back. Do we have an ETA on smart contacts?

Soon

[Gizfreak]

The smart contract wallet is in development for the next major wallet upgrade!

So for me the ETA is ASAP...

[unusualfacts30]

I'm gonna ask again since no one answered me a few pages back. Do we have an ETA on smart contacts?

They're working on it. 4 days since the ICO ended..relax.  . If we keep bugging them they won't be able to develop anything. Have you seen how many people are constantly asking stupid questions and keep distracting from the REAL work?

Let them do the work and once it's done we all will find out..won't we?

[dzimbeck]

I'm gonna ask again since no one answered me a few pages back. Do we have an ETA on smart contacts?

They're working on it. 4 days since the ICO ended..relax.  . If we keep bugging them they won't be able to develop anything. Have you seen how many people are constantly asking stupid questions and keep distracting from the REAL work?

Let them do the work and once it's done we all will find out..won't we?

We can either build 3 demo wallets(windows mac linux) without any of my new Halo features such as hiding keys in a jpeg and the advanced history tab, actual vs present balance. Or you can have a UI that is half done. Its up to you guys. It would be a day of building just to build again. But I'm more than happy to release early. The real news is for markets anyways. Demo smart contracts is just the surface.

[dzimbeck]

Because I would rather peg to a dollar and grow VALUE by 5% a month than to charge interest and increase supply thus decreasing price/value.

Could you explain what you mean by grow value by 5% a month?

Im pegging the price so dumping will be impossible. Then we can grow the coin like a corporation. It works by controlling supply and demand and circulation.

We put a wall below supply line and then push the wall up 5% a month. We can have a sell wall or not depending on if the exchange allows it. For that we would need custodial wallet or a massive multisig with the exchange... all in one account.

Voting can be added to decentralize the decision of what the speed of circulation should be, how much the liquid coins are and what rate coins get frozen. I did an unlisted video on it for my coders. See if someone in Bitcointalk can link to the page where it got shared for full explanation.

[wpstudio]

I'm gonna ask again since no one answered me a few pages back. Do we have an ETA on smart contacts?

They're working on it. 4 days since the ICO ended..relax.  . If we keep bugging them they won't be able to develop anything. Have you seen how many people are constantly asking stupid questions and keep distracting from the REAL work?

Let them do the work and once it's done we all will find out..won't we?

We can either build 3 demo wallets(windows mac linux) without any of my new Halo features such as hiding keys in a jpeg and the advanced history tab, actual vs present balance. Or you can have a UI that is half done. Its up to you guys. It would be a day of building just to build again. But I'm more than happy to release early. The real news is for markets anyways. Demo smart contracts is just the surface.

I vote to do it right.  Take the time needed to release a good (complete) product.