Bitcoin Forum
July 22, 2017, 02:41:06 PM *
News: Are you prepared for Aug 1 / BIP148?
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 ... 252 »
  Print  
Author Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg  (Read 383701 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic.
BitBaydev
Jr. Member
*
Offline Offline

Activity: 57


View Profile
December 12, 2014, 12:38:43 PM
 #1



- BitBay PC Client
- BitBay Mac Client
- BitBay Linux Client

- BitBay QT PC Client
- BitBay QT Linux Client
- BitBay QT source




Multisig

What is multisig, and how does it work?
Multisig is a way to let two or more people share control of a wallet. Each person will get their own key, and the wallet can only be accessed if the preset amount of key-holders unlock it.
Multisig can also be used to increase the security of your wallet. For instance, you could set things up so you have to log on from two different computers, or require two separate keys which you store separately. Just always remember to back up both of your keys. Our wizard will guide you through the process.

Smart Contracts

What is a smart contract, and how does it work?
The term “smart contract” is widely used now. The only definition of the term that we accept is a contract that is enforceable without middlemen. A smart contract should also be able to "auto-execute" and be able to sign on your behalf in certain conditions.
Basically, it makes use of the multisig function and/or timelocking. The way we use it on the market place is that both buyer and seller lock a certain amount of Bay in a joint account. If the deal goes well, the parties release the locked Bay. If it goes belly up, both parties loose their locked bay, because one or both will refuse to release the deposit. Once the time runs out, the funds are destroyed and nobody wins. This gives a strong incentive to fulfill your end of the bargain just like when you use an escrow (but without the cost of escrow).
We are at the very beginning with smart contracts, and believe we will see them used in a lot of new ways, like work contracts and the internet of things.

Pegging

How can the freezing/hedging system peg Bay to US$, and how is it possible?
Bay is made to be used by ordinary consumers. They want a currency with a predictable value and without volatility. For example, by deflating the currency, we can make supply match the demand on exchanges. This means we can keep the price equal to a peg price (for example $1). Pegging can be done by controlling supply. By freezing a percentage of the Bay in everyone’s wallet we reduce supply to a level where it meets demand at the price we want.

If coins get frozen then can I still sell them?
In order to allow for a healthy and liquid market, we are considering allowing the sale of reserve coins. However, the condition is, you must lock the coins for 3-6 months and the new buyer will only receive them as reserve. This can allow for new people to enter the market with a long term investment. It may also be useful for large purchases without effecting the price, deposits without using liquid coins or even peer to peer good faith sales or exchange. There are many advantages to frozen assets like lending against them, giving discounts and large swaps.


https://motherboard.vice.com/en_us/article/this-decentralized-bitcoin-market-is-for-legal-stuff-only
http://www.digitaljournal.com/pr/3234741
http://www.superbcrew.com/bitbay-aims-to-close-the-gap-between-digital-currency-and-real-purchases/
http://bitcoinist.com/bitbay-cryptocurrency-software-suite-introduces-new-kind-smart-contracts/
https://steemit.com/bitcoin/@gjsteele71/bitbay-altcoin-interview-exclusive-q-and-a-with-lead-bay-developer-david-zimbeck
https://steemit.com/cryptocurrency/@tonylondon/bitbay-cryptocurrency-software-suite-offers-state-of-the-art-contracts-and-marketplace-solutions
https://steemit.com/cryptocurrency/@munti/3m7rgo-bitbay-has-solved-the-last-mile
http://bitbay.market/unnoticed/
http://www.newsbtc.com/2017/02/20/bitbay-resurfaces-new-wallet-feat-smart-contracting-interface/
https://criptonoticias.com/aplicaciones/bitbay-software-criptomoneda-mas-avanzado-mundo-se-hace-visible/#axzz4eu1LcZRW
http://bluemagic.info/2017/02/01/bitbay-from-violent-storms-to-safe-harbor/
http://finance.yahoo.com/news/worlds-most-advanced-cryptocurrency-software-131300372.html
http://www.cryptocurrencymashup.com/cryptocurrency-news/worlds-most-advanced-cryptocurrency-software-bitbay-makes-itself-visible-yahoo
https://block-chain-invest.com/sujet/david-zimbeck/

David Zimbeck originally started coding almost 4 years ago when he had the idea for BitHalo. Eventually he was hired to work on the BitBay project as a developer and asked to implement and license his technology. BitHalo was the worlds first smart contracting protocol which was quite revolutionary and ahead of its time, having been released a year before Ethereum launched. David worked tirelessly when he first had the idea for double deposit. He worked long days and nights in a trailer in North Dakota teaching himself Python from scratch. BitHalo was somewhat over-looked by the press despite being the only software that does smart contracts in Bitcoin. In addition, BitHalo was the worlds first multisignature wallet, the first wallet to be dual coin, the first wallet to have automated joint accounts and BitBay was the worlds first wallet to have decentralized markets respectively. David also has a very interesting background. He is one of the world's top chess puzzle makers breaking multiple world records. He was a chess master by the age of 17 as well and is one of the top opening analysts for gambits making him known for his gung-ho and recklessly aggressive style. David also has worked as a professional actor in "Pirates of the Caribbean 2" as a core pirate where he booked one of the largest auditions in Los Angeles history out of more than 10,000 people. He spent a month on location in Freeport, Bahamas. Although, hurricane "Wilma" hit at the time forcing the core home early and David did not end up getting a line as intended although he is seen in various parts of the film. He has also done multiple national commercials for Time Warner, AOL, MTV promos and so forth and was one of the soccer players in "SuperBad" although uncredited. He then went on to produce commercials mostly referred through VideoOptimize and David took on some fairly high profile clients such as a Mercedes dealership. He then worked in web design, video editing, data mining, print work and photography. His photography work can be found here. David has also worked as a real estate agent in Los Angeles, as a landsmen doing easements for oil and fiber optic lines, as a Hughes-certified satellite dish installer, and he also has experience in hard labor when he worked 100 hours a week doing water transfer on the oil rigs in North Dakota.

There is a lot of legends surrounding the beginning of this project, one for the history books. The original BitBay team comprised Steven Dai, Lin from BTER, and unfortunately Robert Duskes and Ryan Wright. These four founders brought David on as a developer using his reputation to lend respectability to the project. In reality, it was later revealed that their only intention for creating the project was to sabotage David using fake social media profiles and to destroy BitHalo. As a result, they collected as much investment money as possible, abused his good name, and left him holding the empty bag after they took the majority of the ICO funds. David saw where it was headed and exposed the project he himself was involved in after only a few weeks. This took a lot of courage on David’s part and exemplifies his integrity. The proof is self evident. The founders are gone and David is still here.

While several news outlets reported in David Zimbecks favor, BitcoinTalk moderators were not helpful in removing hurtful slander from their site. Steven Dai blatantly tried to harm investors again in Qtum but was caught red handed since one of the investors positively identified him. In spite of this, David moved forward and proved to be a local hero, supporting the project. Without him, the project would have surely disappeared. But he worked hard for 2 years and built everything that was promised and more, coding a 50,000 line client and doing what large teams are usually unable to accomplish in such a short span of time.


The core slack group:

With the aid of the core slack group and some of the investors, the project has completely blossomed. There is at least 10 guys who work non-stop marketing BitBay, organizing information, organizing bounties, conducting treasure hunts and promos, working with new users, finding bugs, testing the software, writing articles, proof-reading content, running a faucet, using the decentralized markets, making training videos, making commercials and promotional images, helping David be a better leader, and energizing the entire community. There is also a few guys who have stress tested the markets and are now working on various things at once. In order to make sure nobody feels left out, the members of the slack group are discussing who wants to be listed for their contributions as there has been a true collaborative community effort. So the team is in fact quite large and we encourage you to join our slack and keep watch of this post as it may be updated again to reflect this.



Useful Diagrams:



- Block Explorer
- Coinmarketcap
- Bootstrap



- Bittrex
- C-Cex



- Twitter
- Facebook
- Google+
- The new and improved Official Site!
- The original Mirror Site linking directly to Halo ftp

Want to see where all the action is?
Most of the fun, testing and core community chat happens on slack! Please join us there by using this link: http://bitbay.market/wp-login.php?action=slack-invitation



Development is ongoing and any updates to the releases will be posted on slack and on bitcointalk. David has been coding for months and this new release is commercially stable and user friendly. At the time of this post, the first template has been successfully deployed with more to come! Now that the core is updated, the new templates will roll out much faster. And we thank you for your loyalty and patience!
1500734466
Hero Member
*
Offline Offline

Posts: 1500734466

View Profile Personal Message (Offline)

Ignore
1500734466
Reply with quote  #2

1500734466
Report to moderator
1500734466
Hero Member
*
Offline Offline

Posts: 1500734466

View Profile Personal Message (Offline)

Ignore
1500734466
Reply with quote  #2

1500734466
Report to moderator
1500734466
Hero Member
*
Offline Offline

Posts: 1500734466

View Profile Personal Message (Offline)

Ignore
1500734466
Reply with quote  #2

1500734466
Report to moderator
Decentralized search
Search for products or services and get paid for it
pre-sale Token CAT
25 July 50% discount
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1500734466
Hero Member
*
Offline Offline

Posts: 1500734466

View Profile Personal Message (Offline)

Ignore
1500734466
Reply with quote  #2

1500734466
Report to moderator
1500734466
Hero Member
*
Offline Offline

Posts: 1500734466

View Profile Personal Message (Offline)

Ignore
1500734466
Reply with quote  #2

1500734466
Report to moderator
BitBaydev
Jr. Member
*
Offline Offline

Activity: 57


View Profile
December 12, 2014, 12:45:09 PM
 #2

The other BitBay thread on Bitcointalk we were locked out of so please only post here this is the OFFICIAL Bitbay thread.

Here is BitBays wall of features in text format:

*   Unbreakable contracts: Peer to Peer, no blockchain bloat!
     BitBay is using Halo’s famous double deposit two party escrow!
*   Decentralized Anonymous Markets:  Peer to Peer, Bitmessage
     based, potentially stronger than Tor, serverless!
*   Multisignature wallets with dual passwords hidden inside
     of PNG/JPG images using steganography
*   User Friendly Templates for contracts
     Buy/Sell anything no more “Empty Box Scam” NO ARBITER NEEDED.
     Works like a decentralized trustless Ebay… NO MORE MIDDLEMEN
     Unbreakable employment contracts. FORCE anyone to do ANYTHING
     Cash for Coins template: Like a Decentralized “Local Bitcoins”
     Send wires without the fear of theft due to Double deposit
     Contracts are self-enforcing, trade even with untrusted parties
*   Custom Contracts template: Get creative! Microtrade like a true
     decentralized exchange using BitBay as collateral. Perform trustless bets
     and binary options using custom contracts.
*   Faucet training contract powered by the community: FREE COINS!
*   No fees! Everything here was designed with your freedom in mind.
*   Full Offer/Counter-Offer negotiation system.
*   Escrow panel with tons of options, anonymous chat
*   Feedback and reputation system, scan successful contracts, leave comments
*   Decentralized moderation keys available to trusted users
*   Start your own market, completely anonymous
*   Cold Staking using two computers, impossible to hack joint-account staking.
*   Decentralized Voting! Completely trustless voting with custom staking!
*   Automated Joint accounts and the ability to sign transactions
     with 2 computers (hard core security). Share an account with a partner!
*   Price tracking so orders always maintain price
*   Automatically converts to $ dollars so you don’t need a calculator.
*   Ability to hide any file in an image
*   Full integration with your Email, IMAP under the hood totally automated
     negotiation of contracts, fully encrypted!
*   Bitmessage fully integrated free decentralized Email with each account
*   Pay To Email tipping system. Hide payments in images direct to email.
*   Anti-Keylogger: A special on-screen keyboard to finally crush keyloggers
     Even mouse loggers will be no match unless every movement is recorded.
*   Private keys randomly salted using mouse movements.
*   Tor and proxy options for internet requests
*   Advanced sending with multi-pay options
*   Easy to use accounting panel, interact with all your inputs!
*   Document and text sign/verify options using public keys, useful for notary!
*   Encrypt/Decrypt messages using your private and public keys.
*   Unique change management system which breaks all the change into
     denominations. Perfect for managing lots of contracts.
*   Live Python Debugger: Run the interpreter within the software
*   IRC chat built into the software.
*   Translates to 90 languages
*   Training Videos


BitBay is like a combination of Alibaba, Freelancer, E-Bay, BarterOnly, LocalBitcoins all in ONE!
BitBaydev
Jr. Member
*
Offline Offline

Activity: 57


View Profile
December 12, 2014, 02:46:25 PM
 #3

BitBay smart contract wallet:

(New compiled coming soon)

BitBay tutorials, Smart Contracts & Halo Tech

https://www.youtube.com/watch?v=ieTIr71Sb3c

can we please just make up our minds on forums...also, please have David vouch for which one is actually the OFFICIAL thread
thanks

David Zimbeck will confirm this thread.
unusualfacts30
Hero Member
*****
Offline Offline

Activity: 574



View Profile
December 12, 2014, 02:49:25 PM
 #4

Good to see this thread.

I'm looking forward to the marketplace.

███
██ ██ ██
▄ ▄▄ ▄▄ ▄
▀ ▀▀ ▀▀ ▀
██ ██ ██
▄ ▄▄ ▄▄ ▄
▀ ▀▀ ▀▀ ▀
██ ██ ██
▄ ▄▄ ▄▄ ▄
▀ ▀▀ ▀▀ ▀
██ ██ ██
▄ ▄▄ ▄▄ ▄
▀ ▀▀ ▀▀ ▀
██ ██ ██
!!
██ ██ ██
▄ ▄▄ ▄▄ ▄
▀ ▀▀ ▀▀ ▀
██ ██ ██
▄ ▄▄ ▄▄ ▄
▀ ▀▀ ▀▀ ▀
██ ██ ██
▄ ▄▄ ▄▄ ▄
▀ ▀▀ ▀▀ ▀
██ ██ ██
▄ ▄▄ ▄▄ ▄
▀ ▀▀ ▀▀ ▀
██ ██ ██
██ ██ ██
▄ ▄▄ ▄▄ ▄
▀ ▀▀ ▀▀ ▀
██ ██ ██
▄ ▄▄ ▄▄ ▄
▀ ▀▀ ▀▀ ▀
██ ██ ██
▄ ▄▄ ▄▄ ▄
▀ ▀▀ ▀▀ ▀
██ ██ ██
▄ ▄▄ ▄▄ ▄
▀ ▀▀ ▀▀ ▀
██ ██ ██
██ ██ ██
▄ ▄▄ ▄▄ ▄
▀ ▀▀ ▀▀ ▀
██ ██ ██
▄ ▄▄ ▄▄ ▄
▀ ▀▀ ▀▀ ▀
██ ██ ██
▄ ▄▄ ▄▄ ▄
▀ ▀▀ ▀▀ ▀
██ ██ ██
▄ ▄▄ ▄▄ ▄
▀ ▀▀ ▀▀ ▀
██ ██ ██
███
'
Gizfreak
Legendary
*
Offline Offline

Activity: 1050


Allergic to false promises


View Profile
December 12, 2014, 02:53:01 PM
 #5

Good move and really appreciated by a constructive thinking person like me.
Thx and thumbs up Wink
Decentradical
Sr. Member
****
Offline Offline

Activity: 294


View Profile
December 12, 2014, 03:29:08 PM
 #6

Can we get confirmation that this thread is legit?
silavon
Member
**
Offline Offline

Activity: 66


View Profile
December 12, 2014, 04:28:34 PM
 #7

David and the rest of the healthy core team Bitbay keep up the good work and stick to the plan. I believe you...
nojealousy
Jr. Member
*
Offline Offline

Activity: 46


View Profile
December 12, 2014, 05:09:09 PM
 #8

Bet of the evening:

German Bundesliga, start today 20:30 CET

match:
Hoffenheim - Frankfurt

I bet at least five goals in this game

I - 5000 BitBay
You - 15000 BitBay

Send the contract to
bitbaycologne@gmail.com
nojealousy
Jr. Member
*
Offline Offline

Activity: 46


View Profile
December 12, 2014, 05:14:47 PM
 #9

Bet of Saturday:

German Bundesliga, start tomorrow 15:30 CET

match:
Schalke - 1. FC Köln (Cologne)

I bet that Cologne will win against Schlake with two goals difference

I - 10000 BitBay
You - 75000 BitBay

Send the contract to
bitbaycologne@gmail.com
neo1947
Sr. Member
****
Offline Offline

Activity: 414


don t touch my Bits


View Profile
December 12, 2014, 09:03:18 PM
 #10

“A great pleasure in life is doing what people say you cannot do.” go BitBay go
BAYproviser
Jr. Member
*
Offline Offline

Activity: 37


View Profile
December 13, 2014, 02:39:29 AM
 #11

good news forum link as been replaced on bter thank you
BitBaydev
Jr. Member
*
Offline Offline

Activity: 57


View Profile
December 13, 2014, 02:46:28 AM
 #12

BitBay, what is it?

BitBay is an Open source PROTOCOL with a graphical interface to interact with the blockchain and perform unbreakable contracts. The goal of the contracts is to rid society of deception by creating a contract that almost always favors honest parties. This also reduces frivolous lawsuits since the deterrent to break the contract is built into it. The users themselves thus hold the key by being able to contract peer to peer and there is NO ESCROW AGENT because the escrow is TWO PARTY ESCROW between the peers themselves. For this reason no fees are charged since only the peers are involved. The markets themselves are SERVERLESS and not blockchain based as that would be prone to bloat as Ethereum is adding gigabytes to their chain almost daily. The serverless BitBay markets forms a new protocol layer for the internet similar to the internet itself. This is a peer to peer layer based on Bitmessage channels. The markets are self-moderated and users can ask for the mod key from other users in order to keep their markets commercial. Lastly the GUI layer has a bunch of bonus features like steganography and ways to keep your funds secure including joint accounts and exotic payments.


The Worlds Most Advanced Cryptocurrency Software, BitBay Makes Itself Visible

BitBay, the cryptocurrency software suite offering unbreakable smart contracts was keeping a low profile for some time but has now resurfaced; stronger than ever. The creator and soul developer of BitHalo/BlackHalo David Zimbeck has worked effortlessly the past two years to create the most advanced and secure wallet in cryptocurrency space. The software suite is capable of supporting an entire smart contracting interface with decentralized markets and other features.

A BitBay community member comments,
“How is it that a single developer can deliver such an incredible suite when entire teams of coders have a hard time even delivering a functional wallet? How on earth has this project gone unnoticed, and why is it not in the top 10 coins in the world?”

Unbreakable Smart Contracts

Unlike many other platforms, BitBay is not vaporware. It is a feature rich platform that offers unbreakable smart contracts for important real world applications. The BitBay contracts are far superior to other smart contracts as they are secured by collateral deposits from both parties, which makes it unbreakable. In the event of a default by one of the parties, their collateral funds will be burnt, making it illogical for them to cheat or exit the contract with the intention of defrauding the other.

The smart contracts system on BitBay eliminates arbitrators, biased third parties, escrow and even fees. Without any middlemen, it can create coins for cash contracts like a decentralized “LocalBitcoins”, where cash payments are completely trustless. It can also be used to create “employment contracts”, “decentralized eBay-like delivery contracts” (to ensure prompt delivery of working products), and even “barter contracts” that allows people to create a “wish list” and trade any item off that list.

The user-friendly templates on BitBay enable users to create smart contracts by just entering few details. The platform currently has a handful of templates in place, with more to be added shortly. In David Zimbeck’s words, all one has to do is use their imagination to create a custom template for any deal they want. The platform’s “Cash for Coins” template has already been successfully used by many to automate buying process and complete cash deals without needing escrow or middlemen. The platform will soon release a “buy/sell anything” contract template with reverse and regular auctions support. It will also include a variety of shipping choices.

Decentralized Marketplace

BitBay had a decentralized marketplace almost a year before “Open Bazaar”. BitBay’s completely serverless market is built right into the client, and it allows users to create their own public and private markets. Or they can just check different contracts already available in the main market. The BitBay software allows communication between users by supporting email with end to end encryption like Thunderbird and it also supports Bitmessage for a more decentralized option.
Other features on BitBay include “Pay to Email” which uses steganography to hide payments within photos sent to recipient’s email. The feature, originally created for tipping purposes has various other applications as well. Even the wallets’ two encrypted keys can be hidden within images using David’s steganography based feature. These keys can then be used on two different computers to sign transactions – a feature that lays the foundation for “Cold Staking”, which will be utilized in both BitBay and BlackHalo. The Cold Staking feature will be almost impossible to crack because the computers used to sign your transactions can be in completely separate locations. BitBay will also make allowance for “exotic spending” such as “locktimes”. In addition to the “dead man’s switch”, “parking of coins”, “burn” and other spending types, it also supports automated joint accounts for business partners and spouses. The BitBay platform can also translate to 92 different languages.

About BitBay

BitBay has so far created a whole cryptocurrency ecosystem with its own functional market economy. All these things have turned BitBay into a powerful cryptocurrency software suite that can take on other cryptocurrencies. The platform enjoys a vibrant community that is regularly attracting and training new users. The “contract faucet” created by one of the team members is currently giving away coins using a unilateral “Guarantor” contract to whoever accepts it.
BitBay will soon release their secret star feature that will eliminate the cryptocurrency’s volatility.
BitBaydev
Jr. Member
*
Offline Offline

Activity: 57


View Profile
December 13, 2014, 08:04:27 AM
 #13

BitBay Smart contract video:
https://www.youtube.com/watch?v=HrXUZRGd1hE&list=PLILfNPSQCo6yjFiwXY6-C-ikIDs6v2nHU

Halo/BitBay technology white paper:

Two Party double deposit trustless escrow in cryptographic networks and Bitcoin.
https://bravenewcoin.com/assets/Whitepapers/BlackHalo-whitepaper-twosided.pdf

YouTube Interviews with David
https://www.youtube.com/watch?v=XytHPaLgQ3g
https://www.youtube.com/watch?v=tvxp-mPq6wk
https://www.youtube.com/watch?v=yjhdX-8DZYc
https://www.youtube.com/watch?v=YGJzX5Dpy1o

Interview with Superb Crew about BitBay

Q: What is BitBay?

A: BitBay is a decentralized Smart Contract project with the most advanced functioning client in the world. Today anyone can create anonymous contracts to buy, sell, employ, bet, or exchange anything imaginable by installing the client. You can even create your own private market where only people you invite can see what you are selling. Any conceivable transaction can be brokered without revealing either party’s identity with BitBay as the go-between. This is accomplished with BitBay’s exclusive “trustless” contracts.

The word “trustless” is used frequently in the industry to imply no trust is required. In this case, it is used to describe a transaction where it makes more sense financially to complete a contract than for either party to cheat the other. In this way, these real world contracts are said to be unbreakable. This is done by having both parties put up BitBay’s digital currency, called BAY, as collateral when the contract is accepted, which both parties get refunded after the contract is completed. For example, if I accept a contract to buy an item you have for sale for .1 BTC, and both of us lock up enough BAY as part of the contract to make it financially illogical to break the contract than to complete it, then I don’t need to know who you are to trust you will live up to your end of the deal. If a contract is broken by either party and they cannot come to an agreement on how to resolve the issue, the BAY used as collateral for both parties is burned/destroyed.


Q: What’s BitBay’s story? How did BitBay start?

A: BitBay already has one of the richest and most dramatic histories in all of crytocurrency. The original founders convinced investors to contribute hundreds of Bitcoin to the project. They then created BAY and its blockchain, and gifted themselves many millions of this digital currency. It was about this time David Zimbeck was employed to help with the planning and development of BitBay. David was a known commodity in the Crypto world, having successfully developed and launched BitHalo and BlackHalo. David’s involvement and enthusiasm caused investors to flock into BAY and drove the price up.

It was then that the original founders chose to leave with the development funds and dump their BAY.

Only David stuck around. Without any financial backing or support from the original founders, he continues to this day to develop the most advanced cryptocurrency software available. He is still available every day in the BitBay Slack, along with a dedicated team of BitBay enthusiasts, to answer questions anyone has.

David’s determination and success without funding makes you question the need for all of these cryptocurrency ICO’s in the first place.



Q: Can you give us more insights into your features?

A: There is so many unique features in the BitBay client, the team has compiled a “Wall of Features” for people to scroll through. The key features are decentralized peer-to-peer markets and unbreakable contracts. BitBay has many enhancements improving security to make BitBay hacker-proof. BitBay includes Cold Staking, which allows you to keep private encrypted keys on two separate systems while still giving the ability to reap rewards from the coin by gaining interest on your holdings. BitBay has the ability to hide keys, messages and even payments within graphics files to keep them from being intercepted. There is also a newly released Anti-Keylogger to keep anyone from recording your keystrokes when entering your passphrase!

There are other features built into the client to track a user’s reputation, make counter-offers, easily draft smart contracts, and translate text into ninety different languages. All of these features are built in to a decentralized client application with no fees, no middle-man, and no arbitrator needed.



Q: What makes BitBay a good choice?

A: BitBay is not just a good choice… What David has created is the only choice for buyers and sellers looking for an anonymous marketplace and trustless Smart Contracts protected from price volatility. BitBay is an exceptional choice for investors interested in an undervalued cryptocurrency project with an advanced high-tech product already released. BitBay is an outstanding choice for someone looking to join a crypto community where they can make a difference by contributing their time and talents. For someone new to cryptocurrency, BitBay is a great place to experiment with all the potential Crypto technology has to offer. There is even a demo contract maintained by community members which awards free coins just for installing and trying out the software.

Since the beginning of digital currency, traders could only invest in ideas and roadmaps… there really was no other alternative. Now BitBay and a few other projects are maturing and demonstrating the power of blockchain technology. Investors are going to start looking for projects with real-world applicability. After all, why risk money on promises when there are projects with finished products?



Q: What can we expect from BitBay in 2017?

A: The most exciting feature David will be working on this year is one the community has been looking forward to for a long time. It will be unique to BitBay and called a rolling-peg. The crypto community knows digital currency can have extreme pumps and dumps in price. It is important for people taking part in transactions to know the medium of exchange, in this case BAY, will have a relatively stable value today, tomorrow, and in the future. The rolling-peg will accomplish this by expanding and constricting the number of active coins in circulation to keep the price from experiencing wild fluctuations. However, unlike hard pegs such as those by Nubits or Tether, the BitBay peg will be able to “roll” up in price slowly giving investors the ability to profit as well. The peg is also decentralized, meaning it does not rely on trust or third parties to maintain. It is maintained by votes by the holders of the coin itself.

There are many other enhancements due this year as well, including the introduction of “mom friendly” templates to make the most common contracts simple for anyone to use. The templates will allow the trade of goods and services, barter and even more advanced smart contracts. Although the software already supports customized contracts, these templates are designed to show new users the full potential with only the click of a few buttons.
risinhigher
Hero Member
*****
Offline Offline

Activity: 680


View Profile
December 13, 2014, 09:07:05 AM
 #14

http://25.media.tumblr.com/4f522b53427b78c76bafe92a59501d54/tumblr_mzg1ynul7E1s36aafo1_500.gif

https://bitminer.io/440627 : EARN FREE BITCOIN 10,000 satoshi per minute!
Gizfreak
Legendary
*
Offline Offline

Activity: 1050


Allergic to false promises


View Profile
December 13, 2014, 10:40:03 AM
 #15

Why do I still see this?



Cmon David, get some sleep.
Sorry if I sound like your mom. Wink
nojealousy
Jr. Member
*
Offline Offline

Activity: 46


View Profile
December 13, 2014, 10:51:39 AM
 #16

One question I have,

is anyone interested in helping out in a bet. I would like to place a bet for European football.
Gizfreak
Legendary
*
Offline Offline

Activity: 1050


Allergic to false promises


View Profile
December 13, 2014, 10:58:19 AM
 #17

One question I have,

is anyone interested in helping out in a bet. I would like to place a bet for European football.
As long as it's gonna be a bet on whether Alemannia Aachen will loose or win, I'm in. Grin
Just joking, but football isn't my thing.
nojealousy
Jr. Member
*
Offline Offline

Activity: 46


View Profile
December 13, 2014, 11:07:07 AM
 #18

One question I have,

is anyone interested in helping out in a bet. I would like to place a bet for European football.
As long as it's gonna be a bet on whether Alemannia Aachen will loose or win, I'm in. Grin
Just joking, but football isn't my thing.

You are a supporter of Aachen ;-)??
Gizfreak
Legendary
*
Offline Offline

Activity: 1050


Allergic to false promises


View Profile
December 13, 2014, 11:12:30 AM
 #19

One question I have,

is anyone interested in helping out in a bet. I would like to place a bet for European football.
As long as it's gonna be a bet on whether Alemannia Aachen will loose or win, I'm in. Grin
Just joking, but football isn't my thing.

You are a supporter of Aachen ;-)??
Not really a supporter, but as I live in the neighborhood I am interested to see how a football club with a Bundesliga stadium survives in the 3. Liga 4. Liga  Grin
nojealousy
Jr. Member
*
Offline Offline

Activity: 46


View Profile
December 13, 2014, 11:14:40 AM
 #20

One question I have,

is anyone interested in helping out in a bet. I would like to place a bet for European football.
As long as it's gonna be a bet on whether Alemannia Aachen will loose or win, I'm in. Grin
Just joking, but football isn't my thing.

You are a supporter of Aachen ;-)??
Not really a supporter, but as I live in the neighborhood I am interested to see how a football club with a Bundesliga stadium survives in the 3. Liga  Grin

You are from the Netherlands...

Yeah, i hope the will survive because for me as a supporter of 1.FC Köln i like the derbys against aachen  Grin Grin Grin
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 ... 252 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!