BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg

[cryptohunter]

4.1M dump. That's good that whale got some cheap bay now so hopefully is on board long term.

that's one of the main issues though with bay no punishment for keep dumping and buying back cheaper - the current staking set up does not reward holding and collecting bay enough.

[Munti]

4.1M dump. That's good that whale got some cheap bay now so hopefully is on board long term.

that's one of the main issues though with bay no punishment for keep dumping and buying back cheaper - the current staking set up does not reward holding and collecting bay enough.

We just voted on forking, so the stake will be adjusted. And because this is POS3, the stake can get pretty high when few ppl are staking

[R-J-F]

4.1M dump. That's good that whale got some cheap bay now so hopefully is on board long term.

that's one of the main issues though with bay no punishment for keep dumping and buying back cheaper - the current staking set up does not reward holding and collecting bay enough.

We just voted on forking, so the stake will be adjusted. And because this is POS3, the stake can get pretty high when few ppl are staking

I think it's more a matter of perception. There will always be whales buying and dumping, no way to stop that, even if the price raises or the reward goes way up. I hold more BAY then that guy dumped but I'm in it for the long haul. Quite honestly, it could go to 1 USD tomorrow and I would not dump. I WOULD take some profit for sure but, no dumping. Small, regular profit taking will support me and keep BAY healthy. Why bite the hand that feeds you?

[Johnny00]

There already is a billion coins. Should it be increased with a higher percentage for stake? What percentage do you want to move to?

[cr197]

There already is a billion coins. Should it be increased with a higher percentage for stake? What percentage do you want to move to?

It is going to stay at 1%
But the stake reward is currently at the wrong value.
It's only producing 1.5 coins per block and should be producing 20.5

[FUTURECRYPTO]

What is the POS returns on Bitbay? Monthly? Appx is fine.

[Munti]

It is 1% per year once we do the fork.
Keep in mind that this is POS3, so the stake will be divided between those that are actually online. This means that if only one wallet was staking it would get 10 mil Bay.
We estimate that the wallets that stake 24/7 will end up with 5% per year or thereabouts

[Johnny00]

How safe do you think it is using VPS for staking?

[cryptohunter]

What is the POS returns on Bitbay? Monthly? Appx is fine.

.

It would be great to get more for holding longer

no spends at all for a month and hold over 100k staking at 2%      for a year 3
 "                   "                             500k staking at 3.5%   for a year 4.5
 "                   "                             1M staking at 4.5%        for a year 6


10% tax for dev funding spent on things we vote for marketing etc.

these rates could be revised down as we need in the future once we are at 100M + cap

[funsponge]

i agree with the dev tax/marketing tax!

This has been brought up recently and everyone seems to agree but maybe there will be another vote involved  in the future to decide?

[cryptohunter]

i agree with the dev tax/marketing tax!

This has been brought up recently and everyone seems to agree but maybe there will be another vote involved  in the future to decide?

where was it brought up? I didn't see anything about it? is this on the slack or something?

be a good move if it happens. No more asking for marketing budget.

Now we can all vote how it is spent too.

[funsponge]

i agree with the dev tax/marketing tax!

This has been brought up recently and everyone seems to agree but maybe there will be another vote involved  in the future to decide?

where was it brought up? I didn't see anything about it? is this on the slack or something?

be a good move if it happens. No more asking for marketing budget.

Now we can all vote how it is spent too.

yes on slack

[cryptohunter]

i agree with the dev tax/marketing tax!

This has been brought up recently and everyone seems to agree but maybe there will be another vote involved  in the future to decide?

where was it brought up? I didn't see anything about it? is this on the slack or something?

be a good move if it happens. No more asking for marketing budget.

Now we can all vote how it is spent too.

yes on slack

thanks, must have to try slack one of these times

[dzimbeck]

How safe do you think it is using VPS for staking?

It should be secure as long as you trust the host, passwords for unlocked wallet is stored in memory. Better is cold staking. Actually I've been wanting to test cold staking on VPS (staking with 2 comps but not on LAN)

[toknormal]

[Munti]

Good find toknormal. Goes towards proving that the time is getting right for our tech. And we are years ahead of others... 

[neo1947]

Thanks for sharing
Worth to watch whole, Blockchain tech has endless use cases and so Bay.l think in a year time we all look back and have a laugh for Bay s current price.
Best

[cryptohunter]

How safe do you think it is using VPS for staking?

It should be secure as long as you trust the host, passwords for unlocked wallet is stored in memory. Better is cold staking. Actually I've been wanting to test cold staking on VPS (staking with 2 comps but not on LAN)

Once that is tested and is working it will open a lot of possible use cases.

Great to see bay holding these gains. Of course these are small gains compared to what will come... but still this is going in the right direction.

The voting system is amazing that coupled with development funding/tax will push things on for sure.

[gjsteele71]

BitBay’s “It Pays to Play” Days until May

It’s Raining BAY! The BitBay Core Team is planning on Airdropping BAY to people with listings on the BitBay marketplace on randomly selected days throughout the month of April. The BAY will be sent to your Email in a Pay2Mail format for you to claim. If you already have an item on the market now you should have already received your first 100 BAY bonus. If you have not seen it yet, go check your Email you used to sync with the client.



Some days everyone will receive free BAY, other days it will be a random selection.  The amount will vary also.  We encourage everyone to make sure you have some listings up on the market to take advantage of this limited time opportunity.

If the promotion receives positive feedback, the team may decide to continue into May as well.  Thanks for your continued support of BitBay.

Website - http://bitbay.market/

Slack - http://bitbay.market/wp-login.php?action=slack-invitation

Client Video Tutorials - https://www.youtube.com/playlist?list=PLILfNPSQCo6yjFiwXY6-C-ikIDs6v2nHU

[R-J-F]

While we are on the subject of BitBay marketing:

https://www.youtube.com/watch?v=hs_BPfeoSQ0

Worth watching...