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3r197
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July 02, 2015, 09:46:10 PM |
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Bitbay on delisted list C-Cex!!
Why...bitbay will go moon...
Someone will hopefully buy and sell to themselves. Yet I'm amazed at the lack of volume on their exchange especially with this price increase. |
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dzimbeck
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Activity: 2414
Merit: 1044
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July 02, 2015, 10:07:28 PM |
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Bitbay on delisted list C-Cex!!
Why...bitbay will go moon...
Someone will hopefully buy and sell to themselves. Yet I'm amazed at the lack of volume on their exchange especially with this price increase. It seems like we are still listed, you should pull it from coinmarketcap. Either way we will be able to trade in the markets themselves or on NightTrader. Anyways yeah the templates are coming along nicely, will do some tests shortly. Hope everyone has a nice July 4th |
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blacktea286
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Activity: 96
Merit: 10
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July 04, 2015, 11:31:46 PM |
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down down down to zero
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DeezCoinz
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Activity: 85
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July 05, 2015, 12:20:54 AM |
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up up up to moon
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Gabriel.S
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July 06, 2015, 01:52:13 PM |
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up up up to moon
This is going nowhere. And its getting there fast. How long will it take for david to get working marketable tech out there? |
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Kolbas
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July 06, 2015, 04:25:38 PM
Last edit: July 06, 2015, 04:44:17 PM by Kolbas |
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Even if David deliver the updates he promised, it does not mean that the price will rise much. The situation in crypto now is that good news and great features usually don't affect the price. Pegging and real trades, working market — that is what we need.
I have an idea: let's organize the "club of buyers". All of you can think of what you are willing to buy. Then we can not only publish such wishes on bitbay itself (hope templates allow to do it), but also send letters to alibaba sellers (and any other sellers) saying that we are ready to buy their products, maybe buy many, but using only bitbay.
We can cooperate and organize groups, for example, group of musicians to buy musical instruments and equipment. I think some sellers will use bitbay, even if it's a little tricky concerning price of bays, if they understand that they can sell three guitars and a lot of other stuff at once.
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maincoin
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July 06, 2015, 05:33:02 PM |
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David,
How are you mate?
How is the coding going. Do you have an ETA for the new wallet?
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solid12345
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Merit: 1000
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July 06, 2015, 05:59:51 PM |
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The situation in crypto now is that good news and great features usually don't affect the price. Pegging and real trades, working market — that is what we need.
I've been trying to say for weeks now, if you think pegging can and will work, then why would you want a price rise? There is no way any whale is going to allow the price to rise when they can accumulate what could be a fortune in the near future. Why fret over 50 satoshi Bays if you think $1 is on the horizon? It's worth throwing down 1 btc worth and just cold storing it for 6 months, i'd not worry about it. If the pegging doesn't work it you're out $250 bucks, if it does you're a millionaire, pretty good lottery ticket in my book. |
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Kolbas
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July 06, 2015, 06:12:46 PM |
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On the other hand, the price will rise when everybody knows pegging will happen soon
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solid12345
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July 06, 2015, 07:29:00 PM |
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On the other hand, the price will rise when everybody knows pegging will happen soon
Of course because then the late bloomers will be scrambling to get in  |
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dzimbeck
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July 06, 2015, 07:36:55 PM |
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The situation in crypto now is that good news and great features usually don't affect the price. Pegging and real trades, working market — that is what we need.
I've been trying to say for weeks now, if you think pegging can and will work, then why would you want a price rise? There is no way any whale is going to allow the price to rise when they can accumulate what could be a fortune in the near future. Why fret over 50 satoshi Bays if you think $1 is on the horizon? It's worth throwing down 1 btc worth and just cold storing it for 6 months, i'd not worry about it. If the pegging doesn't work it you're out $250 bucks, if it does you're a millionaire, pretty good lottery ticket in my book. Yeah well the good thing about this pegging system is we can roll the price up or down. So even at .01 cent you would be holding a tremendous amount of money. Its a question of how much liquidity is desired. We can roll the peg upwards using deflation (and that may also create a nice arbitrage too). The key here is supply should match demand. So the thing is, every update comes in order. We have the templates working nicely so when people see the peg and buy in, they see the user friendly markets that even their mom could understand which we could fill with p2p cash orders or selling items etc. New buyers will see the value in completed software. Plus it makes marketing it so much easier! That is why this update comes first. As for an update on progress, yes the software is coming along. I'm currently privately testing the fiat templates which also have automatic price tracking. Also testing guarantor contracts for people without deposits. This new client is totally different the entire UI for contracts has transformed. Its perhaps my biggest update to the contracting system itself in a year. So consider that this update is huge. I've got to make sure its watertight, stable, fast and secure. So be patient, things are progressing and we will have something soon. |
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silavon
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July 06, 2015, 07:50:38 PM |
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Good work David Zimbeck. It will be great. I look forward to. It will be most beneficial thing for cryptoworld.  |
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DeezCoinz
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Activity: 85
Merit: 10
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July 07, 2015, 05:20:28 AM |
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We have the templates working nicely so when people see the peg and buy in, they see the user friendly markets that even their mom could understand which we could fill with p2p cash orders or selling items etc.
So when the templates are done, the "moms" won't have to know about two private keys and multi-sig accounts and double deposit escrow? It'll be just like Ebay without the middle-men? So Mom wants to sell her old Ipod for $100. She takes a picture and puts it and a description into the marketplace. The next day Bob contacts Mom and says he wants to buy the Ipod for $100. To use the Double Deposit feature, all Mom has to do now is put in $100 and send the Ipod. But wait. Mom says "Why do I have to put out $100 to sell my Ipod? I want to sell it because I don't have $100. On Ebay, I just sell it and Ebay takes a little and gives me the rest. Why do I have to pay to sell things? I want it to be easy like Ebay. I like Ebay. I sold a toaster last week for $25 and I didn't have to put in $25 first. I know I get it back, but what if I want to sell Grandpa's Mickey Mantle signed baseball for $6000? I don't have $6000 to put in. So I can't sell it? I don't understand this. Can someone help Mom understand how easy this is? |
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3r197
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July 07, 2015, 11:03:48 AM
Last edit: July 08, 2015, 04:49:04 PM by 3r197 |
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We have the templates working nicely so when people see the peg and buy in, they see the user friendly markets that even their mom could understand which we could fill with p2p cash orders or selling items etc.
So when the templates are done, the "moms" won't have to know about two private keys and multi-sig accounts and double deposit escrow? It'll be just like Ebay without the middle-men? So Mom wants to sell her old Ipod for $100. She takes a picture and puts it and a description into the marketplace. The next day Bob contacts Mom and says he wants to buy the Ipod for $100. To use the Double Deposit feature, all Mom has to do now is put in $100 and send the Ipod. But wait. Mom says "Why do I have to put out $100 to sell my Ipod? I want to sell it because I don't have $100. On Ebay, I just sell it and Ebay takes a little and gives me the rest. Why do I have to pay to sell things? I want it to be easy like Ebay. I like Ebay. I sold a toaster last week for $25 and I didn't have to put in $25 first. I know I get it back, but what if I want to sell Grandpa's Mickey Mantle signed baseball for $6000? I don't have $6000 to put in. So I can't sell it? I don't understand this. Can someone help Mom understand how easy this is? Actually you don't even have to use the escrow. It just gives you the option. If you want to sell your micky mantle card for 6000, you have the option to set a custom contract up where you and the buyer don't deposit anything. That is the beauty of it! It's completely flexible. Heck you could create a contract where you deposit 0 and yet require the buyer to deposit 12,000 - you are in charge! You might not get any interested buyers, but that's your problem. But then again, maybe you have a very high reputation system, and a buyer will trust you to your unbalanced terms. Anything is possible. You could deposit 6000, sell it for 6000 and ask the buyer to deposit 2,400,000 million. See what I'm getting at. |
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DeezCoinz
Member
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Activity: 85
Merit: 10
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July 07, 2015, 11:16:57 AM |
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We have the templates working nicely so when people see the peg and buy in, they see the user friendly markets that even their mom could understand which we could fill with p2p cash orders or selling items etc.
So when the templates are done, the "moms" won't have to know about two private keys and multi-sig accounts and double deposit escrow? It'll be just like Ebay without the middle-men? So Mom wants to sell her old Ipod for $100. She takes a picture and puts it and a description into the marketplace. The next day Bob contacts Mom and says he wants to buy the Ipod for $100. To use the Double Deposit feature, all Mom has to do now is put in $100 and send the Ipod. But wait. Mom says "Why do I have to put out $100 to sell my Ipod? I want to sell it because I don't have $100. On Ebay, I just sell it and Ebay takes a little and gives me the rest. Why do I have to pay to sell things? I want it to be easy like Ebay. I like Ebay. I sold a toaster last week for $25 and I didn't have to put in $25 first. I know I get it back, but what if I want to sell Grandpa's Mickey Mantle signed baseball for $6000? I don't have $6000 to put in. So I can't sell it? I don't understand this. Can someone help Mom understand how easy this is? Actually you don't even have to use the escrow. It just gives you the option. If you want to sell your micky mantle card for 6000, you have the option to set the contract up where you and the buyer don't deposit anything. That is the beauty of it! It's completely flexible. Heck you could create a contract where you deposit 0 and yet require the buyer to deposit 12,000 - you are in charge! You might not get any interested buyers, but that's your problem. But then again, maybe you have a very high reputation system, and a buyer will trust you to your unbalanced terms. Anything is possible. You could deposit 6000, sell it for 6000 and ask the buyer to deposit 2,400,000 million. See what I'm getting at. Yes I do. I didn't know that. Very cool. |
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3r197
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July 07, 2015, 06:40:23 PM |
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Can someone help? I am having a few issues. I have like 600k coins in a bitbay QT wallet from 2014. I have the new wallet downloaded as well. The old wallet no longer syncs and I tried to send from there to new addy but it just hangs at zero confirm. New to the multi-sig and more complex rec. process so just wondering how I recoup my bitbay
I'm a little confused by your terminology. When you say new wallet, do you mean the latest client wallet and not the latest QT wallet? If I've guessed right then maybe this would help... Back up your old QT wallet.dat file. Erase the old QT wallet version. Install the latest QT wallet found on the OP. Insert the old QT wallet.dat file into the new QT wallet Let it sync and then you should be able to send those coins to the client wallet if that's your desire. Have you tried that yet? |
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dzimbeck
Legendary
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Activity: 2414
Merit: 1044
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July 07, 2015, 08:53:01 PM |
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We have the templates working nicely so when people see the peg and buy in, they see the user friendly markets that even their mom could understand which we could fill with p2p cash orders or selling items etc.
So when the templates are done, the "moms" won't have to know about two private keys and multi-sig accounts and double deposit escrow? It'll be just like Ebay without the middle-men? So Mom wants to sell her old Ipod for $100. She takes a picture and puts it and a description into the marketplace. The next day Bob contacts Mom and says he wants to buy the Ipod for $100. To use the Double Deposit feature, all Mom has to do now is put in $100 and send the Ipod. But wait. Mom says "Why do I have to put out $100 to sell my Ipod? I want to sell it because I don't have $100. On Ebay, I just sell it and Ebay takes a little and gives me the rest. Why do I have to pay to sell things? I want it to be easy like Ebay. I like Ebay. I sold a toaster last week for $25 and I didn't have to put in $25 first. I know I get it back, but what if I want to sell Grandpa's Mickey Mantle signed baseball for $6000? I don't have $6000 to put in. So I can't sell it? I don't understand this. Can someone help Mom understand how easy this is? Well actually thats a good question. "Mom" can sell at the click of a few buttons. The deposits will be automatically set for her and she will notice that she needs extra coins to start the offer. However if she doesnt have the deposit, she can set a custom one. If you sell a 6000 dollar item, there is no reason a 1000 dollar deposit is not enough. After all the person will rather release escrow and get their 1000 back than pay 7k for something that was 6k. Also you can do guarantor contracts where the deposit is zero. But perhaps only one person deposits. So mom wants to buy her first coin, she doesnt have funds. So she asks for a guarantor(the software figures that out automatically) and a person can put up their deposit so mom can trust them but she is not required to do one. A guarantor would probably only sell about 50-100 dollars worth of coins to her in that case. But they will deposit 50 on a contract of 50 and all mom would have to do is sign for it after she sends the cash. |
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dzimbeck
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July 07, 2015, 08:58:34 PM |
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Can someone help? I am having a few issues. I have like 600k coins in a bitbay QT wallet from 2014. I have the new wallet downloaded as well. The old wallet no longer syncs and I tried to send from there to new addy but it just hangs at zero confirm. New to the multi-sig and more complex rec. process so just wondering how I recoup my bitbay
Yeah if you see at the site, there is two wallets. There is the standard QT wallet that is not multisig. For that one, like 3r said back up your wallet and use it with the new QT wallet. And then there is the markets wallet which is multisig so its not compatable with your old wallet.dat and you would have to send coins to whatever address you generate there. It sounds like you only need to use the new QT wallet and copy your wallet over. Let me know if you need any help. |
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silavon
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July 07, 2015, 09:03:26 PM |
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David Zimbeck you are a powerful wizard in the crypto world. Keep up the great work ...
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*Sakura*
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Activity: 1624
Merit: 1005
I wish you all love and profitable investments!!!
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July 08, 2015, 06:36:01 AM |
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Can someone help? I am having a few issues. I have like 600k coins in a bitbay QT wallet from 2014. I have the new wallet downloaded as well. The old wallet no longer syncs and I tried to send from there to new addy but it just hangs at zero confirm. New to the multi-sig and more complex rec. process so just wondering how I recoup my bitbay
Yeah if you see at the site, there is two wallets. There is the standard QT wallet that is not multisig. For that one, like 3r said back up your wallet and use it with the new QT wallet. And then there is the markets wallet which is multisig so its not compatable with your old wallet.dat and you would have to send coins to whatever address you generate there. It sounds like you only need to use the new QT wallet and copy your wallet over. Let me know if you need any help. Hi, David! Our coins in old wallet.dat files still safe? And how much longer will operate standard QT walets support (with 2 versions of wallets)? |
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