BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg

[dzimbeck]

Help, my balance has not showed up in my wallet.
I downloaded bootstrap, got the wallet synced sent my coins, but they have still not showed up 50 blocks later.
Its pretty stressful

Yeah looks like we have a bad node. Basically one of the nodes in the seed for new connections is in its own little bubble.

So it's no big deal however, I need everyone to check and make sure their block number matches chainz.

If it doesn't please sync again and add all the nodes in chainz under the network tab using the addnode command. If anyone needs more assistance with this please contact us here or on slack.

[Anoxxxy]

Looking at Bitbay price chart I am not so sure if this is good time to buy. I see 1000 level testing.

We all know that TA analysis doesn't always turn to be correct. Specially if you think about what is coming in the roadmap.
Rolling Per Will make BAY less volatile and many People would invest in BAY during the BTC dips


I wouldt wait that much to buy in

Let the future decide where we get

Regards Anoxy

[truxton]

Orders successfully placed for both Digibyte and BitBay on the decentralized exchange!

https://bitcointalk.org/index.php?topic=829576.7680

[cr197]

Thanks for the update ~ truxton!

 

Can't wait for this to begin growing!
It's going to be a beautiful sight to watch the migration from centralized exchanges to decentralized exchanges!

[cr197]

BitBay Community Update -  7/9/17

The Core team has come to the conclusion that it is in the best interest to revise the current website first, and then begin building a brand new website. This will give us more time to conceptualize our new branding guidelines.

The development team is finalizing the builds for the new release of Client. You can expect this release any day now. If you missed last week’s community update, this new version will update the following:
     Main update:
         The new built-in price tracking Custom Contract Template and soon to be released Buy/Sell Anything Template. This price tracking is vital for merchants to keep their merchandise as accurate as possible in real time.

     Minor fixes:
         Will provide a superficial fix to Mac synchronization issue
         Updated addnode list to the bitbay.conf file allowing your Client to find network connections faster.

Blocknet has successfully tested an atomic trade transaction pairing a trade between BitBay and Digibyte! Their decentralized exchange (Dex) will allow BIP 65 compatible coins to trade with each other through direct exchange pairings (no need to transition to Bitcoin first). When they complete their design, cryptocurrencies will be able to trade coins without the need for traders to deposit their capital into the hands of a middleman and therefore provide a reduced commission fee per trade!
https://bitcointalk.org/index.php?topic=890531.msg20008293#msg20008293

We are still organizing our preliminary budget before we release an official update to our community on our marketing fund, will update community as soon as it's finalized.

The development of our two secret summer projects continues. We will hopefully have more information on their progress by next week.

[R-J-F]

BitBay Community Update -  7/9/17

The Core team has come to the conclusion that it is in the best interest to revise the current website first, and then begin building a brand new website. This will give us more time to conceptualize our new branding guidelines.

The development team is finalizing the builds for the new release of Client. You can expect this release any day now. If you missed last week’s community update, this new version will update the following:
     Main update:
         The new built-in price tracking Custom Contract Template and soon to be released Buy/Sell Anything Template. This price tracking is vital for merchants to keep their merchandise as accurate as possible in real time.

     Minor fixes:
         Will provide a superficial fix to Mac synchronization issue
         Updated addnode list to the bitbay.conf file allowing your Client to find network connections faster.

Blocknet has successfully tested an atomic trade transaction pairing a trade between BitBay and Digibyte! Their decentralized exchange (Dex) will allow BIP 65 compatible coins to trade with each other through direct exchange pairings (no need to transition to Bitcoin first). When they complete their design, cryptocurrencies will be able to trade coins without the need for traders to deposit their capital into the hands of a middleman and therefore provide a reduced commission fee per trade!
https://bitcointalk.org/index.php?topic=890531.msg20008293#msg20008293

We are still organizing our preliminary budget before we release an official update to our community on our marketing fund, will update community as soon as it's finalized.

The development of our two secret summer projects continues. We will hopefully have more information on their progress by next week.

Very nice, 100% with you...

[cryptohunter]

strange bay hit so hard today ... huge dump but those selling now will only have to buy back in higher

shame the peg isnt quite ready people would be jumping into bay rather than out right now.

[R-J-F]

strange bay hit so hard today ... huge dump but those selling now will only have to buy back in higher

shame the peg isnt quite ready people would be jumping into bay rather than out right now.

Entire market is getting trashed. We need Bitcoin to figure out what it wants to be when it grows up before this will reverse...

[cryptohunter]

strange bay hit so hard today ... huge dump but those selling now will only have to buy back in higher

shame the peg isnt quite ready people would be jumping into bay rather than out right now.

Entire market is getting trashed. We need Bitcoin to figure out what it wants to be when it grows up before this will reverse...

Yes agree. Shame btc was ever so dominant entire market hangs on the actions of a few big players here really.
Still if the peg was active and bay was stable vs usd then it would shine in times like this.

[theSC4RE]

Bitbay has also climbed up quite a bit and i guess people are cashing out.
There is also no buy support currently and I see it going down even more unfortunately.  Hopefully it doesn't scare away the newcomers because a lot of them are probably sitting at a loss right now with the current price.  People don't like seeing a coin's value drop by more than half

[dzimbeck]

Bitbay has also climbed up quite a bit and i guess people are cashing out.
There is also no buy support currently and I see it going down even more unfortunately.  Hopefully it doesn't scare away the newcomers because a lot of them are probably sitting at a loss right now with the current price.  People don't like seeing a coin's value drop by more than half

Anyone who sells alts here is a fool.

It's clear there is heavy manipulating going on. There are tons of big alts down 30% in a day. It's pretty treacherous. It's not gonna matter in the long run.

We have a new build coming out so yeah

[jjacob]

strange bay hit so hard today ... huge dump but those selling now will only have to buy back in higher

shame the peg isnt quite ready people would be jumping into bay rather than out right now.

Entire market is getting trashed. We need Bitcoin to figure out what it wants to be when it grows up before this will reverse...

Yup, Bitbay does seem to have been caught in the negative market sentiment. This is temporary and once things stabilize, altcoins with real value will start shining again. The altcoin market has been greatly diluted lately.

[HappyLuke]

Bitbay has also climbed up quite a bit and i guess people are cashing out.
There is also no buy support currently and I see it going down even more unfortunately.  Hopefully it doesn't scare away the newcomers because a lot of them are probably sitting at a loss right now with the current price.  People don't like seeing a coin's value drop by more than half

Anyone who sells alts here is a fool.

It's clear there is heavy manipulating going on. There are tons of big alts down 30% in a day. It's pretty treacherous. It's not gonna matter in the long run.

We have a new build coming out so yeah

Definitely a fool. Selling Thursday night at 40% higher than what your current Bitbay is worth and then buying it back when it hits bottom is dumb lol

[dzimbeck]

Bitbay has also climbed up quite a bit and i guess people are cashing out.
There is also no buy support currently and I see it going down even more unfortunately.  Hopefully it doesn't scare away the newcomers because a lot of them are probably sitting at a loss right now with the current price.  People don't like seeing a coin's value drop by more than half

Anyone who sells alts here is a fool.

It's clear there is heavy manipulating going on. There are tons of big alts down 30% in a day. It's pretty treacherous. It's not gonna matter in the long run.

We have a new build coming out so yeah

Definitely a fool. Selling Thursday night at 40% higher than what your current Bitbay is worth and then buying it back when it hits bottom is dumb lol

Well it is said that long term bulls usually defeat traders in how much they gain. I can attest that a long time ago I sold 2.5 million NEM and 4000 DRK for peanuts which today would have been worth over a million dollars combined. Granted today the markets got slaughtered. But I was more questioning the people selling on the sell side which is thin at this low price. A lot of coins are just following Bitcoin. It was literally coordinated. Most altcoins lost at least 20% today (including ETH). Despite those coins being decoupled from Bitcoin.

[cryptohunter]

Bitbay has also climbed up quite a bit and i guess people are cashing out.
There is also no buy support currently and I see it going down even more unfortunately.  Hopefully it doesn't scare away the newcomers because a lot of them are probably sitting at a loss right now with the current price.  People don't like seeing a coin's value drop by more than half

Anyone who sells alts here is a fool.

It's clear there is heavy manipulating going on. There are tons of big alts down 30% in a day. It's pretty treacherous. It's not gonna matter in the long run.

We have a new build coming out so yeah

Definitely a fool. Selling Thursday night at 40% higher than what your current Bitbay is worth and then buying it back when it hits bottom is dumb lol

Churners of course will always churn on huge dumps like this but I have been suggesting implementing mechanisms to punish churning for months on bay. The biggest issue is whale churners just create their own mass dumps at will this has always held back bay. Anyone watching the charts can observe in real time this happening constantly millions will be flash dumped with the same buy support appearing just below the end or towards the tail end of their dump. I am not sure why i observe this with bay more than with any other coin I keep an eye on constantly. I can only assume some large whales of bay are either 1 interested in holding the price down or just reason they will make more from churning over and over than letting it rise naturally. Either way if there was a way to implement tiered pos levels based  upon amounts held and duration held that would make them think harder about this. Sadly it seems with pos3 there is no way to do this.

The peg will take care of this apparently but the peg will end up being initially set at a far lower price than bay deserves due to these whale churners I wish some real long term investors would snap up their coins and destroy their game and their bay holdings in one swoop. If I had a spare 50-100 btc I would love to snatch their bay away from them in one go.

[lijoe408]

So alphabay is down.  It seems like the Owners ran off with the funds?  This shows the need for a decentralized marketplace without any arbitration. It seems that David is against Bitbay being used for this purpose, but the entry of drugs into the marketplace will eventually happen for it to be truly decentralized free market.  Are there people that have tried to use the Bitbay marketplace for this purpose already?

[dzimbeck]

So alphabay is down.  It seems like the Owners ran off with the funds?  This shows the need for a decentralized marketplace without any arbitration. It seems that David is against Bitbay being used for this purpose, but the entry of drugs into the marketplace will eventually happen for it to be truly decentralized free market.  Are there people that have tried to use the Bitbay marketplace for this purpose already?

Of course they ran off with the funds. I'm completely shocked that double deposit isn't the industry standard. Honestly it deeply saddens me that the news never even mentions BitHalo and says "smart contracts can't be done on Bitcoin".

No I don't think anyone uses Bitbay for this and I politely ask users not to. Although decentralized markets this project must become mainstream so commercial users take an interest in the escrow free transactions. Otherwise it will gain the stigma of a fringe dark market.

With that said anyone who uses Darknet and trusts 3rd party escrow gets what they deserve. I've been preaching two party escrow for years, a bit tired of it. Why has nobody else developed this or even a crude version. Over half of all Bitcoins have been stolen by exchanges or escrow. But people still store their money online. I wonder how much pain they will sustain before they realize double deposit should be the DEFAULT.

Sheep Marketplace had a similar fate 100 million dollar theft. But the consumers line up to be screwed again. Mt Gox did it and eventually Poloniex will do it.

When will the world learn?

[Bee Cho Chen]

So alphabay is down.  It seems like the Owners ran off with the funds?  This shows the need for a decentralized marketplace without any arbitration. It seems that David is against Bitbay being used for this purpose, but the entry of drugs into the marketplace will eventually happen for it to be truly decentralized free market.  Are there people that have tried to use the Bitbay marketplace for this purpose already?

For all we know, people could be using it right now for those purposes. There is no way to tell if they made it private

[cryptohunter]

So alphabay is down.  It seems like the Owners ran off with the funds?  This shows the need for a decentralized marketplace without any arbitration. It seems that David is against Bitbay being used for this purpose, but the entry of drugs into the marketplace will eventually happen for it to be truly decentralized free market.  Are there people that have tried to use the Bitbay marketplace for this purpose already?

I

He could hardly condone it really. I mean we have to be sensible.

But if it is decentralised and has no central control then it will be used for whatever people want to use it for.

TBH though the uptake and usage of both this and sys is highly disappointing. It's been years and still nobody really uses these market places at the moment.

I think we need to look at this and see if we can get the api out so we can use the power of bitbay for easy to use websites and mobile apps to run on top of it. Perhaps mainstream are never going to sit on their pc's and download the entire bc and full marketplace and use it like that. Sometimes you just have to give them what they want not what is actually best for them.

If other devs were coding out sports betting other prediction market websites and anything else that bitbay can be used for then that could build some real traction. That and the peg will attract people too. David could keep coding the core out whilst other devs just build their websites/apps/ platforms on top

I see now eth was smart they produced something that in the end enabled almost infinite other devs to do their thing that still benefitted eth. Every ico running on eth is building value into their system even if temp. Their main issue is the resources needed are growing at a very alarming rate.

We need to find a way to open bitbay to other devs who can work and build value into the bitbay system. I guess the api will do that to quite a large extent.

Ideally we need to get on btc38 this coin would be a good fit there. We need someone that speaks fluent chinese that has a senior role with bitbay. They have so many coins of this coins age listed there and most of those are total crap.

Polo for whatever reason seem to not want to list us. I have suggested it to them many times before and lots of people on polo troll box have asked in the past

Cryptopia is up and coming I think this exchange is growing.

I had a few hyper tokens and coin2 tokens.... to my shock they both got themselves listed on yobit and cryptopia within a week or 2. We could consult with their teams on how they did this?  they are not btc38 or polo but still we can't be on one only.

[jimmybob_007]

Great to see BitBay still doing well and development remaining strong. A true decentralised market place will be a game changer but inevitably this will attract illegal goods. It's just the way it is. You cannot police the market or it will kill it. It will also impose a responsibility on BitBay itself.