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Author Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg  (Read 542176 times)
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December 12, 2014, 12:38:43 PM
Last edit: June 24, 2023, 02:53:42 AM by BitBaydev
 #1

















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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 Interview

BitBay Official Twitter: https://twitter.com/BitBayofficial
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December 12, 2014, 12:45:09 PM
Last edit: December 27, 2018, 11:39:30 AM by BitBaydev
 #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, BarterOnly, LocalBitcoins all in one.

David Zimbeck Interview

BitBay Official Twitter: https://twitter.com/BitBayofficial
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December 12, 2014, 02:46:25 PM
Last edit: December 14, 2014, 12:37:23 PM by BitBaydev
 #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.

David Zimbeck Interview

BitBay Official Twitter: https://twitter.com/BitBayofficial
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December 12, 2014, 02:49:25 PM
 #4

Good to see this thread.

I'm looking forward to the marketplace.

Decentralized
Asset-Backed Banking

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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
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December 12, 2014, 03:29:08 PM
 #6

Can we get confirmation that this thread is legit?
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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...
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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
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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
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December 12, 2014, 09:03:18 PM
 #10

“A great pleasure in life is doing what people say you cannot do.” go BitBay go
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December 13, 2014, 02:39:29 AM
 #11

good news forum link as been replaced on bter thank you
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December 13, 2014, 02:46:28 AM
Last edit: June 16, 2017, 12:10:36 PM by BitBaydev
 #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.

David Zimbeck Interview

BitBay Official Twitter: https://twitter.com/BitBayofficial
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December 13, 2014, 08:04:27 AM
Last edit: June 16, 2017, 11:55:18 AM by BitBaydev
 #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.

David Zimbeck Interview

BitBay Official Twitter: https://twitter.com/BitBayofficial
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December 13, 2014, 10:40:03 AM
 #14

Why do I still see this?



Cmon David, get some sleep.
Sorry if I sound like your mom. Wink
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December 13, 2014, 10:51:39 AM
 #15

One question I have,

is anyone interested in helping out in a bet. I would like to place a bet for European football.
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December 13, 2014, 10:58:19 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.
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.
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December 13, 2014, 11:07:07 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.

You are a supporter of Aachen ;-)??
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December 13, 2014, 11:12:30 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 ;-)??
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
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December 13, 2014, 11:14:40 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  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
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December 13, 2014, 02:34:24 PM
 #20

I'm going forward now.
Good to see you focusing on the future, rather then looking back. *thumbs up*
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