BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg

[dzimbeck]

OP_IF 4 OP_CHECKLOCKTIMEVERIFY OP_DROP OP_DUP OP_HASH160 1482743eb5d9a986192273431c1d575537a29c5b OP_EQUALVERIFY OP_CHECKSIG OP_ELSE OP_DUP OP_HASH160 409434b90caf84e237ccaf1d517584dbaeb953b5 OP_EQUALVERIFY OP_CHECKSIGVERIFY OP_HASH160 06918c0662e80bdfd18b6436d6d03c7dc4b2640d OP_EQUAL OP_ENDIF

Thats the part right there....

I edited my post above, I haven't like totally dissected the script but yeah at first glance looks good. The CLTV is there.

Its saying if the time is one way it goes to the one account if its the other way it goes to the other account. There is a hash in there to redeem
it most likely the hash of the secret that unlocks the TX.

But that online decoder is really messy... I would have to decode it elsewhere and look more closely at it when I wake up.

But yeah seems like its okay so far.

that is great news, without the centralised exchanges making the markets then better projects will have more chance of rising to the top

Well maybe just ask Dan for more insight into the script itself... that way you can break it down to other communities and better understand it. He maybe can simply show where its scripted in the code.

I doubt they will give away any hints to the secret sauce and besides I am banned from their thread for calling him and synchist a couple of wimps who ran from bct because they got some heat from scamp dash back in the xc days. I just think they should have stuck it out on this board.

I am in favour of their dex though. I mean the market making on the exchanges is terrible right now. We need a dex or several dx's right now.

Anyway back to bitbay discussions I see we are holding stable at our new M cap. This is great even though we deserve far more really just a matter of time. I like stacking like this anyway gives time to move out of other projects with profit to accumulate a few more bays. oF course would not complain if i wake up to 20k -50k sats one day.

But its no secret... here is part of the hex of the sys redemption TX hash

06918c0662e80bdfd18b6436d6d03c7dc4b2640d

which is in this script...
02ec6c520a16732221299d4e1086361178a6b8915c74b22628dc3243af03b214f7 3045022100c5be42d6eb9b23634c038217f07401a9928b9819cfeb96ddf2c003775032276702205 e53936e44b2c1f7e7fb9c1b58a7c42a8ac51485049cdce3ff49bd6ad7afa160[ALL] 03345a1703469b66af61c17c5db392a152d8199da7f6b97b4e0ece5bf75f9b0b37 0 6354b17576a914409434b90caf84e237ccaf1d517584dbaeb953b588ac6776a9141482743eb5d9a 986192273431c1d575537a29c5b88ada91406918c0662e80bdfd18b6436d6d03c7dc4b2640d8768

Which matches the hash of the first BITCOIN script i checked...
OP_HASH160 06918c0662e80bdfd18b6436d6d03c7dc4b2640d OP_EQUAL

meaning... that the hash unlocked this transaction:
https://chainz.cryptoid.info/sys/tx.dws?175335.htm

So publishing the secret hash on Bitcoins chain unlocks Sys transaction because it used the same hash. Like I said, I'm not really going too deep into it but superficially it looks good.

I already know how to do AT but have no time to work on it as my workload is already crazy. So yeah excited to see where they go with this. Wish I bought more honestly... hopefully they get a really nice UI. There is a lot left for them to do but this looks like a good start.

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[Ano]

I will appreciate the honest efforts of dzimbeck who made this coin after a long time of dead. Feeling awesome to be part this community we have the bright future ahead.

[synechist]

Thank you Dave for the analysis! Much appreciated.

I shared it on the Blocknet's thread.


P.S. @Cryptohunter you're welcome to rejoin the Blocknet thread if you'd like to.

[cryptohunter]

Thank you Dave for the analysis! Much appreciated.

I shared it on the Blocknet's thread.


P.S. @Cryptohunter you're welcome to rejoin the Blocknet thread if you'd like to.

Thanks, that's cool

[dzimbeck]

Thank you Dave for the analysis! Much appreciated.

I shared it on the Blocknet's thread.


P.S. @Cryptohunter you're welcome to rejoin the Blocknet thread if you'd like to.

Sure, congrats. You guys have made a tremendous comeback. Awesome

[cryptohunter]

Nice upswing today against a btc upswing too and ltc.

I wonder if a certain exchange will list us soon. Got to be a possibility now really.

Any mini updates of things happening in the background?

I know you guys love slack but It's great to keep this thread on page 1 as much as possible so many new members looking for good opportunities. I get told thanks for pointing people to bay quite a bit and they say they never heard of it before. Hard to believe but I guess there are so many shitcoins clogging up the ann section it's not easy to spot the useful ones.

[dzimbeck]

Nice upswing today against a btc upswing too and ltc.

I wonder if a certain exchange will list us soon. Got to be a possibility now really.

Any mini updates of things happening in the background?

I know you guys love slack but It's great to keep this thread on page 1 as much as possible so many new members looking for good opportunities. I get told thanks for pointing people to bay quite a bit and they say they never heard of it before. Hard to believe but I guess there are so many shitcoins clogging up the ann section it's not easy to spot the useful ones.

I'm updating the OP actually... and I'm still working on the next round of performance updates and a may release the stake update with it.

[cryptohunter]

Nice upswing today against a btc upswing too and ltc.

I wonder if a certain exchange will list us soon. Got to be a possibility now really.

Any mini updates of things happening in the background?

I know you guys love slack but It's great to keep this thread on page 1 as much as possible so many new members looking for good opportunities. I get told thanks for pointing people to bay quite a bit and they say they never heard of it before. Hard to believe but I guess there are so many shitcoins clogging up the ann section it's not easy to spot the useful ones.

I'm updating the OP actually... and I'm still working on the next round of performance updates and a may release the stake update with it.

That sounds great david. Does this stake update put the rewards back to 20.5 or is there a incremental staking reward based on amount held and duration?

There is something psychological about having a targe to reach and maintain. People who are gathering block all say nearly got my  5k this is something bay can achieve too. After that they are staking for 10k. The motivation to accumulate and hold it is very powerful.

I think it's an ATH today for bay. Must be with BTC price so high too. New highs are always good to see.

[Bee Cho Chen]

We just smashed through a relatively huge sell wall of approximately 13 btc at 650 sats!

[limitless1]

Bitbay is crushing it today! Keep on going.... 

[cryptohunter]

We just smashed through a relatively huge sell wall of approximately 13 btc at 650 sats!

that was a nice take down...

next huge wall is 4000 sats....

hold spartans.

[The Crypto Baron]

I have a sneaking suspicion that BAY will be added to Polo with PIVX and ARK after the scheduled delisting.

So I'm HODLing 

[Bee Cho Chen]

For those who have not submitted a request to get BAY on Poloniex

https://poloniex.com/coinRequest


I also like the idea of getting BAY on Cryptopia like CryptoHunter mentioned. However, we would have to pay to get on there.

It would take 2 million Dotcoins which is approximately $1,735. Or could opt for the combo deal of 2.8 million Dotcoins which would get Bay on the exchange, 1 month reward slot, 2 month tipping slot, and 1 month of being a featured currency




Since AFAIK, we would not have to pay anything to get on Poloniex, and that is the better exchange, we should focus on getting on there for now. I do like Cryptopia, though

I have a sneaking suspicion that BAY will be added to Polo with PIVX and ARK after the scheduled delisting.

So I'm HODLing 

I sure hope so!

I think all of us are holding . I don't plan on letting go of any BAY for a long time

[The Crypto Baron]

And keep up the great work, David.

Any estimated time table on the forking?

[dzimbeck]

And keep up the great work, David.

Any estimated time table on the forking?

Well as you know forks need to be planned and adopted by ALL our users. So yes hopefully within 1-2 months(when it triggers). I'm going to do a list of performance updates first. Those updates may not even be synchronized but I will definitely let you guys know when its ready. Since the fork would be adopted early to ensure it transitions correctly.

[funsponge]

Bitbays analysis from the top crypto trader & analysis


"Bitbays technical analysis and why I'm buying"

https://youtu.be/tCl6PNvVajo

[cryptohunter]

can we breach 10M this upswing?

For those who have not submitted a request to get BAY on Poloniex

https://poloniex.com/coinRequest


I also like the idea of getting BAY on Cryptopia like CryptoHunter mentioned. However, we would have to pay to get on there.

It would take 2 million Dotcoins which is approximately $1,735. Or could opt for the combo deal of 2.8 million Dotcoins which would get Bay on the exchange, 1 month reward slot, 2 month tipping slot, and 1 month of being a featured currency




Since AFAIK, we would not have to pay anything to get on Poloniex, and that is the better exchange, we should focus on getting on there for now. I do like Cryptopia, though

Cryptopia is good but they should be asking coins like bay to be on there. The volume they could be getting from these up and coming giants are how yobit took off. I think david speaks to them and they should jump at the chance if i were them

Just arbing between bittrex and them will make them more than not having it there.

this paying to get listed should be for new junk  that pose risks to their security and will probably die in a month or two.

[R-J-F]

So, BAY is poised to turn $0.01 USD on CMC, quite the occasion really. Hats off to David and the true believers!

[target]

How much do you think is bitbay's value once it gets the attention of new investors apart from the you guys?
I haven't bought more yet but would like to know more of the potential. Its marketcap is getting huge but I don't see any updates of the development.

[Bee Cho Chen]

So, BAY is poised to turn $0.01 USD on CMC, quite the occasion really. Hats off to David and the true believers!

Indeed! We have officially surpassed $0.01. Great job, David! Keep it up! Congrats to everybody else also! This is the beginning of an amazing journey. So proud to be a part of it


BAY has just eclipsed 1000 sats 

EDIT: Right after I posted that we went over 1225 sats