BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg

[dzimbeck]

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)?

Yes those coins are safe, however it makes sense to use the newer build of the QT which will synchronize. The QT wallet will be abandoned after the
pegging so you have lots of time. Currently I'm working on making the software fully commercial. So that means you can use more than the basic custom template (all templates fully functional) and all the other user friendly features. The new build i have right now is extremely fast and stable.

[*Sakura*]

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)?

Yes those coins are safe, however it makes sense to use the newer build of the QT which will synchronize. The QT wallet will be abandoned after the
pegging so you have lots of time. Currently I'm working on making the software fully commercial. So that means you can use more than the basic custom template (all templates fully functional) and all the other user friendly features. The new build i have right now is extremely fast and stable.

Thanks for supporting old holders!

[jm1978]

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)?

Yes those coins are safe, however it makes sense to use the newer build of the QT which will synchronize. The QT wallet will be abandoned after the
pegging so you have lots of time. Currently I'm working on making the software fully commercial. So that means you can use more than the basic custom template (all templates fully functional) and all the other user friendly features. The new build i have right now is extremely fast and stable.

Hi David! Hey, as far as i understood, the new build could not stake... or im wrong??? If it can would be really nice Im still using the QT wallet only because of (i still think) u dont have this in the new build. Cheers and keep up the good work 

[dzimbeck]

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)?

Yes those coins are safe, however it makes sense to use the newer build of the QT which will synchronize. The QT wallet will be abandoned after the
pegging so you have lots of time. Currently I'm working on making the software fully commercial. So that means you can use more than the basic custom template (all templates fully functional) and all the other user friendly features. The new build i have right now is extremely fast and stable.

Hi David! Hey, as far as i understood, the new build could not stake... or im wrong??? If it can would be really nice Im still using the QT wallet only because of (i still think) u dont have this in the new build. Cheers and keep up the good work 

Yes this is correct. There needs to be a new staking command (submitblock) for me to complete that feature. I've already got it so that wallet can find blocks, make the transaction and prepare it but the submitblock command needs to be finished so we can stake from multisignature. It will be staking before we start pegging thats for sure. But right now my priority is templates.

[silavon]

I'm looking forward to Greeks will rescue their possessions on Bitbay Market without need a middleman. It'll be great. Knowing how simple it soon

http://cointelegraph.com/news/114779/greek-homeowner-seeks-to-convert-real-estate-wealth-to-4955-btc

[Kolbas]

Now I'm interested too when the update will take place. David, can you tell?

[dzimbeck]

Now I'm interested too when the update will take place. David, can you tell?

Not sure yet, im working on it every day. It depends on if i want to release early before finishing all the templates. Personally i want to release with all of them complete. BUT we may do some private testing on slack. If you want to join our slack pm me and if we do some tests will let the core group know.

[Munti]

We need a slogan for Bay. Any good ideas out there?

[healthhealer4]

We need a slogan for Bay. Any good ideas out there?

"Fuck Bob"

lol this could be consider.

[Gabriel.S]

We need a slogan for Bay. Any good ideas out there?

"Fuck Bob"

You guys all bagholding and hating on bob but since bob left bay he pumped many coins all with major results. You can make money if you follow him right.

[buyasicru]

You guys all bagholding and hating on bob but since bob left bay he pumped many coins all with major results. You can make money if you follow him right.

bob detected.

[funsponge]

Why do people use the phrase 'bag-holder' like its a bad thing. Everyone involved in crypto are 'bag-holders' we are bag holders of Bitbay because we want to be a part of of the project and buy and sell on the market. You need a 'bag' of Bitbay in order to do that! You yourself will be a bag holder of Bitcoin or litecoin or graphcoin! Judas!!

[Kolbas]

Now I'm interested too when the update will take place. David, can you tell?

Not sure yet, im working on it every day. It depends on if i want to release early before finishing all the templates. Personally i want to release with all of them complete. BUT we may do some private testing on slack. If you want to join our slack pm me and if we do some tests will let the core group know.

To release early is better for promotion. The sooner this will happen, the more people will know and try it and spread the word. And soon after that the next release saying "the templates complete, fully commercial", great news!

[Penn.3D]

Hi all, strange as it sounds I just discovered Bitbay a few days ago, lol.....which is good for me because a. the price is great right now and b. it looks like things are about to roll out!!

3. questions for David, if I may:

1. I understand the concept of writing code into each bitbay wallet that would freeze a given percentage of coins in that wallet, thus lowering the available supply and thus raising the price. However, what do you do about Bittrex? I'm sure there are tens of millions of coins on Bittrex so how would you deal with that? Do you somehow freeze a percentage of coins in Bittrex's wallets? Do you first require that all coins be removed from Bittrex and THEN freeze them? This is the one thing that really confuses me about the peg.

2. Do you still have large sellers from Alibaba and other large corporations waiting to jump on board when bitbay is up and ready?

3. I know it gets annoying when investors are constantly asking for updates, but I'm wondering if you have a vague timeline for the completed bitbay as well as the peg?

Thanks SO much.......glad I found this coin!!! 

[dzimbeck]

Hi all, strange as it sounds I just discovered Bitbay a few days ago, lol.....which is good for me because a. the price is great right now and b. it looks like things are about to roll out!!

3. questions for David, if I may:

1. I understand the concept of writing code into each bitbay wallet that would freeze a given percentage of coins in that wallet, thus lowering the available supply and thus raising the price. However, what do you do about Bittrex? I'm sure there are tens of millions of coins on Bittrex so how would you deal with that? Do you somehow freeze a percentage of coins in Bittrex's wallets? Do you first require that all coins be removed from Bittrex and THEN freeze them? This is the one thing that really confuses me about the peg.

2. Do you still have large sellers from Alibaba and other large corporations waiting to jump on board when bitbay is up and ready?

3. I know it gets annoying when investors are constantly asking for updates, but I'm wondering if you have a vague timeline for the completed bitbay as well as the peg?

Thanks SO much.......glad I found this coin!!! 

Yeah sure! Some of these have already been answered but not sure we have a faq for that yet.

The first question is a great one and it works like so:
Once I complete the fork, the exchange will get an updated version of the wallet. Whenever someone trades they will report that trade to the api which will simulate it and figure out how much is reserve and liquid. The exchange will most likely have a special version of the client for this.

They will report 2 balances in the exchange, Bitbay and BitBay reserve. However we will make it easy for them. Exchanges already need to run the coin daemons for actual withdraws so asking the api for that info should be trivial.

IF they oversell the coin, that would be no different from selling phantom bitcoin or phantom dogecoin Its extremely unethical for the exchange to do that! Although they have been know to do that since there is no regulation.

If they try that in BitBay the will immediately be found out though because the miners will decline the withdraw! Because you cant take more money than is liquid! There is no way to cheat that.

Okay so your second question. I'm still in contact with the guy who started the project although he is a little inactive. Perhaps hes just waiting for me to update. He used to work at Alibaba and should have some contacts.

Lastly, the next update so far is one of the most major core updates which is total redesign of the UI for contracts and templates which automatically track prices and negotiate. Not to mention tons of other little changes. We should at least be testing several of the templates this month. Once thats done, the next step is pegging.

[Penn.3D]

Awesome!!! Thanks so much!! 

[Bitbayrus]

Hello!
Russian Thread:
https://bitcointalk.org/index.php?topic=1125401.msg11891465#msg11891465

[dzimbeck]

Hello!
Russian Thread:
https://bitcointalk.org/index.php?topic=1125401.msg11891465#msg11891465

Haha awesome. By the way, the new client has a translate/language option we can put screenshots of the client running in Russian.

[Kevinrasf]

Hello!
Russian Thread:
https://bitcointalk.org/index.php?topic=1125401.msg11891465#msg11891465

Amazing work!

Thanks for your kind contribution to BAY.

We need people like that.

Keep it up!

[healthhealer4]

Hello!
Russian Thread:
https://bitcointalk.org/index.php?topic=1125401.msg11891465#msg11891465

This is a great job, thanks from the community.