Bitcoin Forum
February 22, 2017, 01:53:21 AM *
News: Latest stable version of Bitcoin Core: 0.13.2  [Torrent]. (New!)
 
   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 ... 190 »
  Print  
Author Topic: Official BitBay Thread |Smart Contracts Wallet UPDATE|Decentralized Marketplace  (Read 272888 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 Mac 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.


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!
1487728401
Hero Member
*
Offline Offline

Posts: 1487728401

View Profile Personal Message (Offline)

Ignore
1487728401
Reply with quote  #2

1487728401
Report to moderator
1487728401
Hero Member
*
Offline Offline

Posts: 1487728401

View Profile Personal Message (Offline)

Ignore
1487728401
Reply with quote  #2

1487728401
Report to moderator
1487728401
Hero Member
*
Offline Offline

Posts: 1487728401

View Profile Personal Message (Offline)

Ignore
1487728401
Reply with quote  #2

1487728401
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
BitBaydev
Jr. Member
*
Offline Offline

Activity: 57


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

So many FUDs in the old thread, to protect our investor and Bitbay Project, we have to start this Self-moderated thread.

Thanks for your understanding and support.

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
Sr. Member
****
Offline Offline

Activity: 476



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: 994


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
Full Member
***
Offline Offline

Activity: 168


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: 333


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

good news forum link as been replaced on bter thank you

Thanks for your support.
BitBaydev
Jr. Member
*
Offline Offline

Activity: 57


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

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

Halo technology white paper:

Two Party double deposit trustless escrow in cryptographic networks and Bitcoin.

https://mega.co.nz/#!hdISHA7I!ZBOxTw8Sf0plvCdZQKGT_ez8v-m5SUIr2-4RHm6X8yY
risinhigher
Hero Member
*****
Offline Offline

Activity: 658


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: 994


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: 994


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: 994


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 ... 190 »
  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!