BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg

[funsponge]

Get paid to learn smart contracts!


We want more people to learn about the awesome unbreakable contracts offered by BitBay and Halo. There is a fawset in the marketplace



Here is a training video of a contract being done:
https://www.youtube.com/watch?v=HrXUZRGd1hE&t=1s


For those of you that are new here:

Bitbay was the worlds first decentralized market.
http://motherboard.vice.com/read/this-decentralized-bitcoin-market-is-for-legal-stuff-only
http://www.coindesk.com/bithalo-smart-contracts-without-block-chain-bloat/

BitBay runs using "unbreakable contracts" using double deposit. Its been a few years running flawlessly. The fawcet uses the "guarantor" contracts where the deposit is only made by the seller (unilateral) however the theory is the same in the user interface. It is easy to set up using the "Cash for Coins" template.

Unlike other projects, this is not a promotion or vaporware. This software does exactly what it says it does. A lot of investors speculate on coins not even bothering to download the software and see the power of what it offers. This is what we are trying to fix. Get more people interested in caring about the technology and using it. This software has a full user interface and hundreds of little features exhaustively tested over the years. Something we know you will find awesome. There is absolutely nothing like this on the market.
Rising from the ashes! Our upcoming pegging system will force a stable price:

https://www.youtube.com/watch?v=GOIRxGQz4hY&feature=youtu.be

Here are some of the things BitBay has to offer:
*Unbreakable contracts (Peer to Peer no blockchain bloat)
*Decentralized Anonymous Markets (Peer to Peer no blockchain bloat stronger than Tor)
*Multisignature wallets with dual passwords hidden inside of PNG/JPG images using steganography
*Automated Joint accounts and the ability to sign transactions with 2 computers (hard core security)
*User Friendly Templates for contracts
*Training videos
*Ability to hide any file in an image
*IMAP under the hood full integration with Email, automated negotiation of contracts
*Price tracking so orders always maintain price
*Bitmessage fully integraded decentralized email and markets
*Translates to 92 languages using Google Translate
*Unique change management system which breaks all the change into denominations
*Easy to use accounting panel
*Live Python Debugger, run the interpreter within the software
*Advanced sending with multipay options
*"Pay To Email" tipping system. Hide payments in images direct to email.
*Everything is automated
*Full Offer/Counter-Offer negotiation system.
*Escrow panel with tons of options, anonymous chat
*Feedback and reputation system, see how many contracts gained and lost
*Serverless, everything is Peer to Peer
*Decentralized moderation keys available to trusted users
*Custom contracts and all kinds of contact options
*Start your own market, completely anonymous
*Cash for coins template
*Custom contract template (can do anything you want if you are
familiar with it)

Implications of DDE(Double Deposit Escrow) Smart Contracts and their use cases:
Decentralized "Local Bitcoins": Send wires without the fear of theft due to Double deposit
Decentralized exchange of cash for coins
Buy/Sell anything without "Empty Box Scam" NO ARBITER NEEDED. It is self enforcing trade even with untrusted parties
So it works like a decentralized trustless ebay... NO MIDDLEMEN, NO ESCROW NEEDED
Works like decentralized Freelancer/Odesk
Unbreakable Employee contracts. FORCE people to HONOR their word! No more unreliable employees, employers forced to pay as well.
Barter ANYTHING. Use the coins only as self-assurance. Form a farm co-op trade Gold for Silver, Iron for Wheat. No need to use coins can decouple completely from currency.
Some of the templates are still being worked on to make it "Mom friendly" so that it takes as few clicks as possible to form a contract. No need to think of "terms and conditions" contracts are anonymous and self-enforcing. Here is some of the features that we are working on in 2017:
*Exotic spending... we will have the worlds first client to support time locks in the UI, deadmans switch and burn and parking and freezing coins all supported within the UI.
*Cold Staking for both BitBay and BlackHalo... stake using two computers, impossible to hack. Its basically joint account staking
*Custom Staking with Voting! Completely trustless voting and donations via staking.
*Anti-Keylogger: A special on-screen keyboard to obliterate keyloggers once and for all. Even mouse movement loggers will be no match for this unless every movement is recorded
*Tor and proxy options for internet requests
*Buy/Sell template featuring multiple shipping options including a calculator and options to bill in escrow
*Employment template featuring the ability for weekly reports and auto-payment within contract. Payments contingent on reports
*Barter contract with amazing "wish list" where each item can be calculated converting kilograms to hours and ability to know exactly how many "Avocados" you need for a pound of "Tomatoes". Perfect for farming co-op in 3rd world countries. Perfect for trading used items!
*Reverse auctions! Sellers bid for you the buyer
*Normal Auctions... Ebay style decentralized auctions
*Python contracts: Use the python interpreter to make contracts between peers. Pre-approved contracts potentially possible for verified devs and audited code on github.
*API And more!

The developer of BitBay (David Zimbeck) has been coding for years. He speaks with his software, always backing up his word. Unlike other developers he has never abandoned a project. The original founders of BitBay left the project and tried to blame him for their nefarious actions. Yet despite being cyberbullied and propagandized by the founders through the bitcointalk forum, 2 years later he STILL codes the software releasing many updates and a recent fork to POS 3.0. This is why we want you to test the software for yourself! The proof is in the actions!
Bitbay will be releasing a "rolling peg". This is basically a freezing/unfreezing inflation/deflation system that has the ability to create two asset classes "frozen" and "liquid". Based on voting, the supply can decrease or increase allowing a stable price in the markets and the ability to increase price without a market maker. If you want to be a part of the community, join our slack http://bitbay.market/wp-login.php?action=slack-invitation

If you've read this far, thanks for listening and we hope you will join us and learn how to use smart contracts!

you should start a thread using the above info. More people need to see this

[Munti]

I did
https://bitcointalk.org/index.php?topic=1744745.0

[ifightformerkel]

I dont understand why this coin have so less attention, it has the greatest marketplace of all coins.

Do the dev btw. contacted poloniex by himself?
It's worth a try, we must come on a really big exchange this year to have some attention.

[whale_shark]

2017 the rise of Bay! This is just amazing David - keep up the great work

[dzimbeck]

Great work david.
So many coins struggling for volume and risk delisting on bittrex but bay is still quite decent. Next stop polo.

Polo will say the only bad thing is its piss poor volume. And bittrex is laughable exchange now a days, I'd rather trade at yobit.

Well worst case scenario polo will see the potential Bay has to offer with the peg as a hedging tool alternative to it's tethered USD.
So hopefully in another 6 months or so it will be a sure thing. So now is the time to accumulate in anticipation.

Even if Polo doesn't take us, when we peg we will find an exchange who is willing to run the API and they will see the volume and realize they have to take us. It would be missing out on too much. I don't know when volume will spike but after the peg i think it will be extremely high.

[dzimbeck]

I dont understand why this coin have so less attention, it has the greatest marketplace of all coins.

Do the dev btw. contacted poloniex by himself?
It's worth a try, we must come on a really big exchange this year to have some attention.

I will, I'm just extremely busy. Its so hard to market and code at the same time. Even with slack helping I still need to manage the marketing projects because I'm very familiar with the features and the verbiage.

[AmsterdamPimp]

Great work david.
So many coins struggling for volume and risk delisting on bittrex but bay is still quite decent. Next stop polo.

Polo will say the only bad thing is its piss poor volume. And bittrex is laughable exchange now a days, I'd rather trade at yobit.

Well worst case scenario polo will see the potential Bay has to offer with the peg as a hedging tool alternative to it's tethered USD.
So hopefully in another 6 months or so it will be a sure thing. So now is the time to accumulate in anticipation.

We are all allowed pipe dream I guess. Now is not the time to accumulate when I done that pre 50 sat lol

[cryptohunter]

How many coins in total?

1 billion plus 1% annual growth from soon to be POS3.0 stake reward.

POS3.0 is much better than it's predecessor.  It enforces that no matter what 1% will be added to the coin supply - that's based on every coin staking.
Since it's impossible for every coin to stake you earn more than 1% because you are reaping the reward that the current unstaked coins would be generating as well.

edit:
I think some people on Blackcoin were making around 3-5% because of this

I would have thought even higher. I mean really 30% of black coin owners are staking enough to claim full stake? How often do you have to leave your wallet staking with Blackcoin to get your full quota?

How to tell what % of the coins are staking at any point?

[stereotype]

BAY is being delisted from BTER, apparently. Good.

[dzimbeck]

BAY is being delisted from BTER, apparently. Good.

Why does BTER even exist after cold wallet hack? It's crazy that anyone uses it

[cr197]

Guys, no need to worry about Bittrex.

They are currently doing wallet maintenance by updating their wallets to run on new version of QT.

If you haven't already done so, now is the time for you as well. Make sure you back up your wallet.dat files!

You can download new QT wallets from the OP or from bitbay.market

The fork will take place on the 21st of January.
 
There is no need to do anything on your part other than downloading and installing the new version of the QT. Everything else will be automated.
Syncing up with the new version is a lot faster than previous versions, some of us are syncing 100% in around 8 - 9 hours.

However, if you want a sync shortcut, feel free to download the blockchain file from bitbay.market
That boost file only works on the QT, not the client. A version for the client will come at a later date.

Thanks for your support!

[FogHorn_LegHorn]

Is anyone else having CPU problems with bitbay? My computer is so slow now.

[cr197]

Is anyone else having CPU problems with bitbay? My computer is so slow now.

I've had issues in the past with the QT increasing mem usage over time.
It would get to a point I'd have to restart the program.
Are you having this issue with the newly released QT?
What OS are you on?

David hasn't put much effort in the QT because it will eventually become obsolete after the peg

Mine is currently running at 465 megs

[dzimbeck]

No idea about mem usage however win10 has weird memory problems with superfetch on my computer unrelated maybe you just noticed it. Check and compare to markets build as well

[stereotype]

BAY is being delisted from BTER, apparently. Good.

Why does BTER even exist after cold wallet hack? It's crazy that anyone uses it

Cos crypto is a revolving door, with new naive victims innocents, dismissing others experiences as FUD. Depressing, that this particular exchange carried on after so-called 'hack'.   

[Munti]

Is anyone else having CPU problems with bitbay? My computer is so slow now.

QT is a little resource hungry while syncing. I noticed it used appr. 20% of my I7 6700HQ cpu while syncing. No problem once synced though

[gjsteele71]

China raids with guns, the US raids with IRS agents... same thing.

https://cointelegraph.com/news/chinas-central-bank-is-raiding-bitcoin-operators-bitcoin-price-is-tumbling

[cr197]

China raids with guns, the US raids with IRS agents... same thing.

https://cointelegraph.com/news/chinas-central-bank-is-raiding-bitcoin-operators-bitcoin-price-is-tumbling

If only these people would realize they don't need exchanges to trade!
The Halo client allows for trustless transactions for any crypto to crypto pair, any fiat to fiat pair, and any crypto to fiat pair

edit: I hope they find Lin Han of Bter with dirty money and child porn and lock him up for eternity

[c-cex]

Please, put github link for source on your OP.

[Munti]

Please, put github link for source on your OP.

Done