BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg

[R-J-F]

Aside from all the amazing tech going into BitBay, there is one thing that never ceases to amaze me, the speed. I just purchased 250k from Bittrex for my wife and transferred them to a BitBay QT wallet (she's a holder, not a player) and it literally took 2 seconds! Now that's something to be proud of!

[cr197]

Aside from all the amazing tech going into BitBay, there is one thing that never ceases to amaze me, the speed. I just purchased 250k from Bittrex for my wife and transferred them to a BitBay QT wallet (she's a holder, not a player) and it literally took 2 seconds! Now that's something to be proud of!

yeah, sometimes Bittrex holds up withdraws for a few hours, but other than that tx are super fast.

[Karartma1]

I'm going to ask a favor and for all the well known core investors to keep comments on Qtum slack to a minimum. I'm going to do the same no matter what. The Bitcoin community will take it from there. They don't forget. Except fake profiles. I've left a long winded summary on their bitcointalk with links summarizing what happened.  It's not our problem if they ignore it. We have said our peace.

Every comment spent against Qtum is a comment spent not promoting the software we have here that you have all invested in. Its time we could spend marketing and showing new people how to do smart contracts and use the decentralized markets and search for bugs.

It's sad to say but I cannot change the evil in the hearts of men. I can only destroy the evil in my own heart. And as I said on slack we will make this little "scamcoin" BitBay blow everything else out of the fucking water. We don't need to ask for new investment. We won't ask for angels. We will just show them the power of decentralized pegging and increase the community size. As we have been doing so positively this year. Lets keep it up.

Great minds discuss ideas; average minds discuss events; small minds discuss people.

Well done David, you did what you need to and now let's go back to BAY. 

[gjsteele71]

I think it is important to use the Patrick/Steven Dai issue to illustrate what BitBay has gained.

Steven/Patrick and the other original founders took hundreds of thousands of dollars in Bitcoins with them, and using that money went on to start new projects.  They took millions of BitBay with them as well.

What did BitBay gain from this?

Losing the toxic presence of these founders has allowed progress to be made without the focus being on greed.  There are no arguments over what should be the goal, and without any money in the funds, there is no debate over how it should be spent.  There is only progress.

David continues to work on BitBay and deliver updates regularly.  Even people invested in BAY have no idea of the potential once the rolling peg is integrated... but none of us have any doubt it will be completed because David is still here after everything working on his dream, and we see what he has done so far.

David does this work knowing it can only increase the value of BAY the original founders are still selling.  He is actually increasing the value of the assets they stole because he believes what he is doing is important, and sees the bigger picture when it is complete.

More good news for BAY owners is Craig's research shows the original founders are almost completely out of BAY to sell.  Of the tens of millions taken, they are down to the end of their stash.  When they stop selling, the price suppression we have seen for so long will stop.  Buying BAY will actually increase the price again.  One day, not long from now, the thieves are going to look at the BAY price and wonder how they could have thrown away the fortune they would have had.

BitBay has gained so much from the departure of Dai and the rest of the founders.  The only reason we have the ability today to buy BAY at these prices when the technology is so advanced is because these guys are keeping it low.  I have mine... and I can't wait for them to run out of ammunition.

[R-J-F]

I think it is important to use the Patrick/Steven Dai issue to illustrate what BitBay has gained.

Steven/Patrick and the other original founders took hundreds of thousands of dollars in Bitcoins with them, and using that money went on to start new projects.  They took millions of BitBay with them as well.

What did BitBay gain from this?

Losing the toxic presence of these founders has allowed progress to be made without the focus being on greed.  There are no arguments over what should be the goal, and without any money in the funds, there is no debate over how it should be spent.  There is only progress.

David continues to work on BitBay and deliver updates regularly.  Even people invested in BAY have no idea of the potential once the rolling peg is integrated... but none of us have any doubt it will be completed because David is still here after everything working on his dream, and we see what he has done so far.

David does this work knowing it can only increase the value of BAY the original founders are still selling.  He is actually increasing the value of the assets they stole because he believes what he is doing is important, and sees the bigger picture when it is complete.

More good news for BAY owners is Craig's research shows the original founders are almost completely out of BAY to sell.  Of the tens of millions taken, they are down to the end of their stash.  When they stop selling, the price suppression we have seen for so long will stop.  Buying BAY will actually increase the price again.  One day, not long from now, the thieves are going to look at the BAY price and wonder how they could have thrown away the fortune they would have had.

BitBay has gained so much from the departure of Dai and the rest of the founders.  The only reason we have the ability today to buy BAY at these prices when the technology is so advanced is because these guys are keeping it low.  I have mine... and I can't wait for them to run out of ammunition.

Your quote for the day:

"If you believe in it, buy it!"

[dzimbeck]

Well you have a point. And there is always a way to spin a negative into a positive. So I'm not against talking about it as long as people are made very aware of what has been done here despite them. When people see that we work here continually testing updates and fulfilling promises with all that garbage on our heads, they will realize why this is worth it.

Simply, tell people even after what happened 2 years of work and download the software and see for themselves!

We aren't trying to convert people from other coins. But there is no reason not to highlight that point.

As for the slack research you are probably right. Because if any of them still had coins, now would definitely be the time they would sell them. Unless they secretly believe in this project haha. I think they were foolish to sell, they were not even paying attention to the ideas. Of course BitBay is already up 4-5 times over the year because it is undeniable that there is more going on here than meets the eye.

"Never judge a book by its cover"

[Munti]

I think it is important to use the Patrick/Steven Dai issue to illustrate what BitBay has gained.

Steven/Patrick and the other original founders took hundreds of thousands of dollars in Bitcoins with them, and using that money went on to start new projects.  They took millions of BitBay with them as well.

What did BitBay gain from this?

Losing the toxic presence of these founders has allowed progress to be made without the focus being on greed.  There are no arguments over what should be the goal, and without any money in the funds, there is no debate over how it should be spent.  There is only progress.

David continues to work on BitBay and deliver updates regularly.  Even people invested in BAY have no idea of the potential once the rolling peg is integrated... but none of us have any doubt it will be completed because David is still here after everything working on his dream, and we see what he has done so far.

David does this work knowing it can only increase the value of BAY the original founders are still selling.  He is actually increasing the value of the assets they stole because he believes what he is doing is important, and sees the bigger picture when it is complete.

More good news for BAY owners is Craig's research shows the original founders are almost completely out of BAY to sell.  Of the tens of millions taken, they are down to the end of their stash.  When they stop selling, the price suppression we have seen for so long will stop.  Buying BAY will actually increase the price again.  One day, not long from now, the thieves are going to look at the BAY price and wonder how they could have thrown away the fortune they would have had.

BitBay has gained so much from the departure of Dai and the rest of the founders.  The only reason we have the ability today to buy BAY at these prices when the technology is so advanced is because these guys are keeping it low.  I have mine... and I can't wait for them to run out of ammunition.

The account's in Craig's research could belong to them, but this is not certain at all because they have shown a little different pattern than the main accounts (that are now empty) of the scammers. Doesn't really matter one way or the other. There isn't much in them, so who cares

[cr197]

I think it is important to use the Patrick/Steven Dai issue to illustrate what BitBay has gained.

Steven/Patrick and the other original founders took hundreds of thousands of dollars in Bitcoins with them, and using that money went on to start new projects.  They took millions of BitBay with them as well.

What did BitBay gain from this?

Losing the toxic presence of these founders has allowed progress to be made without the focus being on greed.  There are no arguments over what should be the goal, and without any money in the funds, there is no debate over how it should be spent.  There is only progress.

David continues to work on BitBay and deliver updates regularly.  Even people invested in BAY have no idea of the potential once the rolling peg is integrated... but none of us have any doubt it will be completed because David is still here after everything working on his dream, and we see what he has done so far.

David does this work knowing it can only increase the value of BAY the original founders are still selling.  He is actually increasing the value of the assets they stole because he believes what he is doing is important, and sees the bigger picture when it is complete.

More good news for BAY owners is Craig's research shows the original founders are almost completely out of BAY to sell.  Of the tens of millions taken, they are down to the end of their stash.  When they stop selling, the price suppression we have seen for so long will stop.  Buying BAY will actually increase the price again.  One day, not long from now, the thieves are going to look at the BAY price and wonder how they could have thrown away the fortune they would have had.

BitBay has gained so much from the departure of Dai and the rest of the founders.  The only reason we have the ability today to buy BAY at these prices when the technology is so advanced is because these guys are keeping it low.  I have mine... and I can't wait for them to run out of ammunition.

The account's in Craig's research could belong to them, but this is not certain at all because they have shown a little different pattern than the main accounts (that are now empty) of the scammers. Doesn't really matter one way or the other. There isn't much in them, so who cares

Well I do 

Cause price will continue to rise. How fast is the only factor.

[devpol]

Even people invested 

[chrysophylax]

hehehe ...

never ceases to amaze me ...

bloody good work david ...

#crysx

[dzimbeck]

Thanks 


Damn, we should put "Taking down an ICO" to our list of accomplishments!

[dzimbeck]

I want to make an official statement here:

I've switched from Google translate in the LIVE translator because mean ol' Google decided they wanted to prevent web crawlers and bots so they crushed our goslate Python package that I was using. So what does this mean? It means we had to switch to Yandex. It means the list of languages is slightly different too.
Which means the thing changed and anyone who is working on translations will probably have to start over! Sorry to break that news. But its okay lesson learned!
This time we have to do translate them ahead of time using the LIVE translator so we can archive them just in case this one gets taken out too(also because Yandex has an API key that limits us to 10 million characters per month). Only ONE person will be assigned to this. It will be a bounty. So I will urge others to only use the language you need for now and not play around with translation too much or I have to get another key.

Okay lastly, the build is done. I put off a few other minor fixes to the next release. Since I know how long everyone has waited for this specific update (cold stake).

So I'm building it tonight/tomorrow checking it and we release on slack for the first tests. And actually anyone can test it by downloading the updater manually. Otherwise the version number will change when slack decides. They had some date in March set. We could roll it back a little earlier even if the tests go well.

[Karartma1]

Cold staking, at last. Do you have any references or links I could read to get an idea of how this works under the hood? I was not able to find anything more than this (in which you give answers to blackcoin users)
https://www.reddit.com/r/blackcoin/comments/4gk008/boom_first_cold_staking_block/
Can you sum things up for me (us)?

[dzimbeck]

Cold staking, at last. Do you have any references or links I could read to get an idea of how this works under the hood? I was not able to find anything more than this (in which you give answers to blackcoin users)
https://www.reddit.com/r/blackcoin/comments/4gk008/boom_first_cold_staking_block/
Can you sum things up for me (us)?

Sure it's pretty simple actually. So most coins only stake normal single ket QT accounts. Blackcoin dev rat4 made me a series of improvements in POS 3 that allow me to spend with block signing key. Therefore, any input can stake now.

This means multisig can stake. Aka multisignature staking.

So if multisinature can stake then you can use two computers to stake in sort of a two step send. Aka cold staking.

So you have a local network at home. You have two computers. Computer A finds a stake, signs it, sends to computer B who signs it with their 2nd key sends back to A who sends the complete TX to the network!

This lets you stake with only one key connected. Thus your account is extremely hard to hack since your keys are on two completely different computers.

The 2nd location can be a server thus is perfect for exchanges and banks. The 2nd key can be a little staking device.

Lastly the innovation in POS 3 although simple is crucial for letting us stake with frozen coins.

The custom stake makes voting easier too as we can customize our payments and even donate our stakes or park them.

Those are the nice things about simply being allowed to stake via spending with block singing key embedded in the TX as opposed to limiting us to single key stake.

[dzimbeck]

http://reports.bitcoinprbuzz.com/bitbay/

Results from the PR campaign a lot of you contributed to. I think it went really well for the sake of transparency I'm posting here. Let me guys know if you think it was worth it and how the analytics stack up.

Personally I found them easy to work with and a relivtely decent price.

[Karartma1]

Cold staking, at last. Do you have any references or links I could read to get an idea of how this works under the hood? I was not able to find anything more than this (in which you give answers to blackcoin users)
https://www.reddit.com/r/blackcoin/comments/4gk008/boom_first_cold_staking_block/
Can you sum things up for me (us)?

Sure it's pretty simple actually. So most coins only stake normal single ket QT accounts. Blackcoin dev rat4 made me a series of improvements in POS 3 that allow me to spend with block signing key. Therefore, any input can stake now.

This means multisig can stake. Aka multisignature staking.

So if multisinature can stake then you can use two computers to stake in sort of a two step send. Aka cold staking.

So you have a local network at home. You have two computers. Computer A finds a stake, signs it, sends to computer B who signs it with their 2nd key sends back to A who sends the complete TX to the network!

This lets you stake with only one key connected. Thus your account is extremely hard to hack since your keys are on two completely different computers.

The 2nd location can be a server thus is perfect for exchanges and banks. The 2nd key can be a little staking device.

Lastly the innovation in POS 3 although simple is crucial for letting us stake with frozen coins.

The custom stake makes voting easier too as we can customize our payments and even donate our stakes or park them.

Those are the nice things about simply being allowed to stake via spending with block singing key embedded in the TX as opposed to limiting us to single key stake.

This is absolutely awesome! I got it almost right then.
Last question:

So you have a local network at home. You have two computers. Computer A finds a stake, signs it, sends to computer B who signs it with their 2nd key sends back to A who sends the complete TX to the network!

Does this slow down the broadcasting time a bit? If another peer finds a stake before me while my multisig staking is doing that process do I lose my stake? In the end it's about broadcasting it before others.
In any case, I think this is a great step forward.

[dzimbeck]

Cold staking, at last. Do you have any references or links I could read to get an idea of how this works under the hood? I was not able to find anything more than this (in which you give answers to blackcoin users)
https://www.reddit.com/r/blackcoin/comments/4gk008/boom_first_cold_staking_block/
Can you sum things up for me (us)?

Sure it's pretty simple actually. So most coins only stake normal single ket QT accounts. Blackcoin dev rat4 made me a series of improvements in POS 3 that allow me to spend with block signing key. Therefore, any input can stake now.

This means multisig can stake. Aka multisignature staking.

So if multisinature can stake then you can use two computers to stake in sort of a two step send. Aka cold staking.

So you have a local network at home. You have two computers. Computer A finds a stake, signs it, sends to computer B who signs it with their 2nd key sends back to A who sends the complete TX to the network!

This lets you stake with only one key connected. Thus your account is extremely hard to hack since your keys are on two completely different computers.

The 2nd location can be a server thus is perfect for exchanges and banks. The 2nd key can be a little staking device.

Lastly the innovation in POS 3 although simple is crucial for letting us stake with frozen coins.

The custom stake makes voting easier too as we can customize our payments and even donate our stakes or park them.

Those are the nice things about simply being allowed to stake via spending with block singing key embedded in the TX as opposed to limiting us to single key stake.

This is absolutely awesome! I got it almost right then.
Last question:

So you have a local network at home. You have two computers. Computer A finds a stake, signs it, sends to computer B who signs it with their 2nd key sends back to A who sends the complete TX to the network!

Does this slow down the broadcasting time a bit? If another peer finds a stake before me while my multisig staking is doing that process do I lose my stake? In the end it's about broadcasting it before others.
In any case, I think this is a great step forward.

That's a very good question. Yes that depends on where the 2nd location is. It is less than a fraction of a second. On my LAN it's extremely fast. As you all know with online and network games there is low latency.

And actually the question is moreso how often you check to see if you have won. Rat4 recommend it's redundant to check more than every 16 seconds. But in Halo/Bitbay we check every 7. So perhaps that even gives us a tiny advantage. Also, because of the p2sh stake it lets our frozen coins stake which helps our chances of finding one in the first place. So unless your server lags there is no major difference.

[cryptohunter]

volume is still good we are mostly in the top 10 for volume in bittrex except for freak pumps of other coins now and then.
Of the other stable top 10 volume coins the majority are on polo and doing huge volumes.
polo must recognise bay and add it eventually.
you only need a few big players to recommend bay for it to become the next xmr, dash, eth etc.

I am not sure why bittrex's volume dried up so much really it is a good exchange.

Nice to hear rat4 has helped with the project he is one of the best pos devs out there really.

Hard to believe we can still pick up 120-130 sats bargains at this stage.

[cryptohunter]

QTUM delisted from www.icocountdown.com

https://medium.com/@icocountdown/due-diligence-pack-for-qtum-7369ef48917b#.vccykvj59

Yep it's done now. With all the main forum who were not even probably that aware of the project and not fans of ICO's anyway being given so much ammunition and with Gleb on the scene the pressure was too much to be pushing that scam.

Once people started investigating it for themselves and confirmed what was said here it was game over. You can tell people something and some will accept it but if you encourage them to investigate themselves the impact is far greater when their suspicions are confirmed.

Well done to david and elmer and gleb for saving us our btc again.

[dzimbeck]

QTUM delisted from www.icocountdown.com

https://medium.com/@icocountdown/due-diligence-pack-for-qtum-7369ef48917b#.vccykvj59

Ha-ha saw that. They really might not go to ICO. I know they said they would but each day gets worse. It was really funny on their slack hearing "We were thinking to not even address it because nobody cares about the issue." and hearing "We didn't even talk about it in the office today".

Damn maybe you can hear a pin drop in their office. Cut the tension with a knife it's like the elephant in the room then.

I've never seen a project implode like that. It's wild to watch.

Anyways guys, there is still a couple things for me to do in this build. Should have the links up today though if my tests go well.