BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg

[mrcashking]

I do not understand why not fund the BitBay Market 

http://cointelegraph.com/news/114536/decentralized-marketplace-openbazaar-raises-1-million

Bob fucked David and now David has no btc to invest in the coin. Blame bob for this!

[Gabriel.S]

I do not understand why not fund the BitBay Market 

http://cointelegraph.com/news/114536/decentralized-marketplace-openbazaar-raises-1-million

Bob fucked David and now David has no btc to invest in the coin. Blame bob for this!

Yep.. It's all bobs fault.

[funsponge]

What about Lin the rich owner of bter. He should be in jail for his involvement

[dzimbeck]

What about Lin the rich owner of bter. He should be in jail for his involvement

Not to mention BTER exchange and the missing btc... *sigh*  I lost 3 btc on there too.


Anyways, guys stay positive. Onwards and upwards. For those who arent on slack, we just made a new website(thats Meta and slack) and Im able to invest in that. Steven chipped in as well. Also we put the OP bounty to an infographic artist which will be useful and I'm still able to set some aside for other small marketing things once we finish everything.

The templates are coming along great. The selling and buying of coins will have a fiat price tracker. Buying and selling commodities will have regular and reverse auctions, there is python programmable contracts so you guys can make your own smart contracts. And finally there is a bartering system that can calculate pounds, kilograms and see what they are worth for in hours and commodities etc. So I'm looking forward to volunteers testing those out when they are done.

It will have shipping forms and all the fiat funding forms as well and the escrow window will be more functional. Finally the reputation system will be more mature and you should be able to check the escrow history of anyone on the blockchain. Once all that finishes I really think the project will be in a very marketable and commercial phase.

[silavon]

David Zimbeck you're the best person in the crypto world. Your determination and hard work will be rewarded once properly. Universe sees everything...

[DeezCoinz]

" Deezcoinz

Could not resist but check your past post history as you are very interested in this project which is good don't get me wrong but you have clearly created the account just for Bitbay questions

Can i ask why you have done this please and why not just use your original account?

Thanks for your attention.

Sure. Bitbay was the first altcoin I invested in and I created the account then. I have no other BCT account.

Do you have some reason to think I have some "Original Account". I've only invested in one other coin ever and they are active on slack, not here.

[3r197]

Anyways, guys stay positive. Onwards and upwards. For those who arent on slack, we just made a new website(thats Meta and slack) and Im able to invest in that. Steven chipped in as well. Also we put the OP bounty to an infographic artist which will be useful and I'm still able to set some aside for other small marketing things once we finish everything.

The templates are coming along great. The selling and buying of coins will have a fiat price tracker. Buying and selling commodities will have regular and reverse auctions, there is python programmable contracts so you guys can make your own smart contracts. And finally there is a bartering system that can calculate pounds, kilograms and see what they are worth for in hours and commodities etc. So I'm looking forward to volunteers testing those out when they are done.

It will have shipping forms and all the fiat funding forms as well and the escrow window will be more functional. Finally the reputation system will be more mature and you should be able to check the escrow history of anyone on the blockchain. Once all that finishes I really think the project will be in a very marketable and commercial phase.

Awesome. The world needs it. Just found out that my Dad lost about 400 dollars on a camera sale on Craigslist. The buyer never sent the 'check in the mail' - yet boasted on facebook how proud she was for giving her daughter this camera. He called her out on facebook and she deleted all the postings.

Point being... this crap has got to end and we are the solution!

[3r197]

If she truly had the money in the first place she probably could have also afforded to have included a deposit to match the total amount.
These sick thieving individuals are nearing their end of existence on the internet marketplace!
 

[dzimbeck]

David Zimbeck you're the best person in the crypto world. Your determination and hard work will be rewarded once properly. Universe sees everything...

Thanks, i appreciate it. Hopefully one day people will start using bitbay/bitcoin instead of using it as a speculative asset. Then perhaps we might see people actually use products like this.

[mrcashking]

Why are my posts getting deleted?

[deluxeCITY]

David Zimbeck you're the best person in the crypto world. Your determination and hard work will be rewarded once properly. Universe sees everything...

Thanks, i appreciate it. Hopefully one day people will start using bitbay/bitcoin instead of using it as a speculative asset. Then perhaps we might see people actually use products like this.

Are you saying that there is no use for your product now?

[funsponge]

Of cause he isnt saying that. He means people use it rather than just "collecting" cryptocoins like everyone is doing currently. For example why would anyone buy maxcoin or flappycoin other than to hope it goes up in value and they sell it for profit. With Bitbay we want people to buy it so they can use it as currency for the Bitbay market

[dzimbeck]

Of cause he isnt saying that. He means people use it rather than just "collecting" cryptocoins like everyone is doing currently. For example why would anyone buy maxcoin or flappycoin other than to hope it goes up in value and they sell it for profit. With Bitbay we want people to buy it so they can use it as currency for the Bitbay market

Right in theory, about 99% of the altcoins have absolutely no purpose other than to speculate on it. That money should be in coins with development.

lol flappycoin

[3r197]

I hope you guys realize, but if not I must reiterate... the reason why it sometimes seems quite here on BCT is because a lot of us are all busy on Slack's community structure!

The template update is coming and even though no one knows (other than David himself) the release date, remember this, Bitbay is way, way ahead of the competition!

So I must apologize if you see this BCT channel as slow, but remember, there is something growing outside of BCT that is just waiting to climax.

Hope you speculators/users are still here and accumulating!

This is going to be Epic!!

Good luck and God Speed!

[oser41eric]

I hope you guys realize, but if not I must reiterate... the reason why it sometimes seems quite here on BCT is because a lot of us are all busy on Slack's community structure!

The template update is coming and even though no one knows (other than David himself) the release date, remember this, Bitbay is way, way ahead of the competition!

So I must apologize if you see this BCT channel as slow, but remember, there is something growing outside of BCT that is just waiting to climax.

Hope you speculators/users are still here and accumulating!

This is going to be Epic!!

Good luck and God Speed!

I have to ask where are you getting that this project is way ahead? People have started their shops on OB and it is looking nice an simple is this not basically what Bitbay is working towards with the added smartcontracts?

Glad there is something going on away from hear as it is very quiet on this thread, just a few trolls now and again and not much else.

Bet you are hoping people with funds are here to buy up your bags lol

[3r197]

I hope you guys realize, but if not I must reiterate... the reason why it sometimes seems quite here on BCT is because a lot of us are all busy on Slack's community structure!

The template update is coming and even though no one knows (other than David himself) the release date, remember this, Bitbay is way, way ahead of the competition!

So I must apologize if you see this BCT channel as slow, but remember, there is something growing outside of BCT that is just waiting to climax.

Hope you speculators/users are still here and accumulating!

This is going to be Epic!!

Good luck and God Speed!

I have to ask where are you getting that this project is way ahead? People have started their shops on OB and it is looking nice an simple is this not basically what Bitbay is working towards with the added smartcontracts?

Glad there is something going on away from hear as it is very quiet on this thread, just a few trolls now and again and not much else.

Bet you are hoping people with funds are here to buy up your bags lol

Nah. I'm holding. Should be an interesting ride once the templates come out. And then the pegs going to lock in the value! Might sell some to new users then.

[deluxeCITY]

Dev is deleting valid posts wondering about the project. NOT A GOOD SIGN.
I will pass on this one.

[healthhealer4]

I hope you guys realize, but if not I must reiterate... the reason why it sometimes seems quite here on BCT is because a lot of us are all busy on Slack's community structure!

The template update is coming and even though no one knows (other than David himself) the release date, remember this, Bitbay is way, way ahead of the competition!

So I must apologize if you see this BCT channel as slow, but remember, there is something growing outside of BCT that is just waiting to climax.

Hope you speculators/users are still here and accumulating!

This is going to be Epic!!

Good luck and God Speed!

I have to ask where are you getting that this project is way ahead? People have started their shops on OB and it is looking nice an simple is this not basically what Bitbay is working towards with the added smartcontracts?

Glad there is something going on away from hear as it is very quiet on this thread, just a few trolls now and again and not much else.

Bet you are hoping people with funds are here to buy up your bags lol

can you use OB on windows oS , its a question i stop following them for something like two months. if we got a 1 mill investment in bitbay it will definitely be ahead of the game, well it kinda is, because forget about marking shop you can make your own market with bitbay and no middleman.

[dzimbeck]

OB has no way of preventing theft. They are trying to use traditional escrow meaning escrow agents can easily take the bitcoins for themselves. That simply does not work on an anonymous platform.

Also in reply to the post above, im not the one in control of this thread one of our slack members is. It seems like only one post was deleted and it was in regards to Bob so i can see how the mistake was made.

The whole purpose of two person escrow is to eliminate theft and deception from trade. The is no other way to send worldwide wires with a stranger and trust the deal will complete honestly. Furthermore, it reduces the cost of doing business because you don't have to pay an escrow agent to babysit the deal wasting his time listening to "he said she said" stories or complaints being forced to arbitrate and guess who is lying(which is impossible anyways).No matter what any other company does, I will always insist they do what is right and abandon centralized expensive and deception prone old escrow models. This includes OB.

Personally I hope they copy the Halo escrow model instead of stubbornly insisting on an old and model that history has proven time and time again to cost society trillions. If Mt. Gox had two of two multisig they would have never lost the .5 billion. If sheep marketplace had two party escrow they would have never lost 200 million dollars.

Read that again, almost 1 billion dollars. Almost 30% of Bitcoin was taken by a handful of thieves. So much for decentralized. If OB uses escrow agents it will happen again. Also, those agents will have absolutely no way of figuring out who is telling the truth in shipping disputes (use E-Bay empty box scams as a perfect example).

If ebay had two party escrow they would never have to deal with theft accusations, paypal reversals and shipping disputes. People would stop scamming people with shipments.

If farming co-ops had two party escrow they could trade without fiat or coins. They could purely trade commodities. Pure barter.

If telcom or any other industry that depended on wires had two party escrow they would save billions, and not have to stress over "which bank to choose, which escrow to use". Instead, Nigera could do deals with Greece regardless of the low trust level for their banking systems. Immediately trade is possible worldwide without any reason to trust.

Shippments would no longer be lost, and they would not have to wait YEARS for insurance payouts. In fact, that happened to a friend of mine who had 100,000 dollars in medical equipment stolen and he has been in lawsuits for almost a decade.

Two party escrow dramatically reduces lawsuits because nobody profits off of the theft or loss.

The only thing that matters is that this idea gets popular in society. Even though its not popular yet, that must change to end theft and deception from business deals.

[3r197]

OB has no way of preventing theft. They are trying to use traditional escrow meaning escrow agents can easily take the bitcoins for themselves. That simply does not work on an anonymous platform.

Also in reply to the post above, im not the one in control of this thread one of our slack members is. It seems like only one post was deleted and it was in regards to Bob so i can see how the mistake was made.

The whole purpose of two person escrow is to eliminate theft and deception from trade. The is no other way to send worldwide wires with a stranger and trust the deal will complete honestly. Furthermore, it reduces the cost of doing business because you don't have to pay an escrow agent to babysit the deal wasting his time listening to "he said she said" stories or complaints being forced to arbitrate and guess who is lying(which is impossible anyways).No matter what any other company does, I will always insist they do what is right and abandon centralized expensive and deception prone old escrow models. This includes OB.

Personally I hope they copy the Halo escrow model instead of stubbornly insisting on an old and model that history has proven time and time again to cost society trillions. If Mt. Gox had two of two multisig they would have never lost the .5 billion. If sheep marketplace had two party escrow they would have never lost 200 million dollars.

Read that again, almost 1 billion dollars. Almost 30% of Bitcoin was taken by a handful of thieves. So much for decentralized. If OB uses escrow agents it will happen again. Also, those agents will have absolutely no way of figuring out who is telling the truth in shipping disputes (use E-Bay empty box scams as a perfect example).

If ebay had two party escrow they would never have to deal with theft accusations, paypal reversals and shipping disputes. People would stop scamming people with shipments.

If farming co-ops had two party escrow they could trade without fiat or coins. They could purely trade commodities. Pure barter.

If telcom or any other industry that depended on wires had two party escrow they would save billions, and not have to stress over "which bank to choose, which escrow to use". Instead, Nigera could do deals with Greece regardless of the low trust level for their banking systems. Immediately trade is possible worldwide without any reason to trust.

Shippments would no longer be lost, and they would not have to wait YEARS for insurance payouts. In fact, that happened to a friend of mine who had 100,000 dollars in medical equipment stolen and he has been in lawsuits for almost a decade.

Two party escrow dramatically reduces lawsuits because nobody profits off of the theft or loss.

The only thing that matters is that this idea gets popular in society. Even though its not popular yet, that must change to end theft and deception from business deals.

Never thought about it that way. 
Maybe we could send a Bitbay ambassador to Greece, to help get their financials in order. Coin would need to be pegged first, but I think they aren't going anywhere soon!