BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg

[HVCC]

Code:

https://bitbay.net/news/148

Warning about BitBay (BAY) cryptocurrency
Due to your frequent queries, we would like to inform and warn you that BitBay (BAY) cryptocurrency is not a part of our business and is not affiliated with our exchange and trading platforms (bitbay.net and bitbay.in). Convergence of names is not intentional on our side, and legal steps have been taken in this regard. We advise special caution when investing in BitBay (BAY) cryptocurrency as we can not guarantee it with our reputation.

What is the official position Dev Team

Maybe rebranding will solve this problem.
It should solve this problem as soon as possible. Underestimation may mean death for BAY

Legal steps have been taken in this regard - It looks bad. It is uncertainty for new investors

Maybe we should help avoiding confusion by advising special caution when depositing in their exchange as we can not guarantee their exchange with our reputation?

Seriously, we can't have any official position to something that is not presented to us yet. If they want a legal battle, we'll just have to wait and see what they present to us.

Lol this literally would not ever mean the death of BAY, and if Bitbay.net has an issue with the name they should reach out to us directly instead of faux legal threats on their website. Free publicity for us I suppose  There is no future in centralized exchanges regardless. We will definitely let the community know more about the situation if anything else comes to light though, but for now everything is smooth sailing.

[HVCC]

BitBay Community Update 9/10/2017

David has given a wonderful summation of the exotic spending updates that will be present in the next version of the BitBay market client. You can find all this information at: https://www.reddit.com/r/BitBay/comments/6zca3v/plain_english_breakdown_of_upcoming_exotic/
Work is 99% complete on our very own BitBay block explorer! This will lay the groundwork for us to begin mobile development down the line.

We are proud to announce Bruno Guimarães has accepted the role of Art Director for BitBay. With over 12 years of experience in visual marketing we feel he is more than qualified to take our brand image to the next level!
We have also found an exceptionally qualified individual to take over as head of our marketing team, Traceur! Traceur has over 7 years of experience in B2B marketing, from deep market research to brand strategy, and we are privileged to have such a person assist us in getting the word out.

Our newly appointed Project Manager, Shorn, has been and will be continue to aid in organizing and coordinating activities between the separate teams. This has streamlined our workflow, and we have been generally performing more effectively as a unit thanks to his contributions.

A copywriter has been found, Priscilla, who will assist in making our technical text easily understandable to those who are somewhat new to Blockchain or technology in general, something vitally important as the market expands and average Joes enter the sector.

Several minor (but quite inconvenient, speaking from experience) bugs have been fixed in the Mac version of the Market Client, those issues being an abnormally high rate of CPU usage and images not showing up on the marketplace. Now, it performs equally as well as our Windows market client, which is wonderful news!

A professional and slick explanatory video about the BitBay platform is in the works (the audio sounds great!). This will be a streamlined and convenient way to introduce new users and investors to BAY, something that we all agree is vitally important moving forward.

The next version of BitBay should be coming out relatively quickly. David has had a bit less time as he has had to assist his family during these turbulent times in Florida, but things are more or less still on track.

Links: http://www.Bitbay.market

https://www.reddit.com/r/BitBay/
https://bitcointalk.org/index.php?topic=890531.0
http://bitbay.market/wp-login.php?action=slack-invitation
https://t.me/bitbayofficial
https://discord.gg/sP8b66W
https://twitter.com/BitBayofficial

[vlom]

i finally installed the BitBay Mac Client. And i chose german as language. and if have to say that the translation is horrible. it is almost impossible to understand what you have to do during the setup of the client.

shall i retranslate everything?




? what do i have to do?

lets switch to english:

[Munti]

i finally installed the BitBay Mac Client. And i chose german as language. and if have to say that the translation is horrible. it is almost impossible to understand what you have to do during the setup of the client.

shall i retranslate everything?




? what do i have to do?

lets switch to english:

Hahaha That is terrible!
We very much would welcome your help with translation. Join our slack, and contact aletha
http://bitbay.market/wp-login.php?action=slack-invitation

[vlom]

ok i will do that as soon i find the time to. give me some time. afterwards the translation will be done in a few days.

do i receive a bounty for this work? you can pay me in bay.

[Munti]

ok i will do that as soon i find the time to. give me some time. afterwards the translation will be done in a few days.

do i receive a bounty for this work? you can pay me in bay.

Yes there is a bounty. Just check with aletha first to make sure she hasn't made a deal with someone else about it.

[cryptohunter]

BitBay Community Update 9/10/2017

David has given a wonderful summation of the exotic spending updates that will be present in the next version of the BitBay market client. You can find all this information at: https://www.reddit.com/r/BitBay/comments/6zca3v/plain_english_breakdown_of_upcoming_exotic/
Work is 99% complete on our very own BitBay block explorer! This will lay the groundwork for us to begin mobile development down the line.

We are proud to announce Bruno Guimarães has accepted the role of Art Director for BitBay. With over 12 years of experience in visual marketing we feel he is more than qualified to take our brand image to the next level!
We have also found an exceptionally qualified individual to take over as head of our marketing team, Traceur! Traceur has over 7 years of experience in B2B marketing, from deep market research to brand strategy, and we are privileged to have such a person assist us in getting the word out.

Our newly appointed Project Manager, Shorn, has been and will be continue to aid in organizing and coordinating activities between the separate teams. This has streamlined our workflow, and we have been generally performing more effectively as a unit thanks to his contributions.

A copywriter has been found, Priscilla, who will assist in making our technical text easily understandable to those who are somewhat new to Blockchain or technology in general, something vitally important as the market expands and average Joes enter the sector.

Several minor (but quite inconvenient, speaking from experience) bugs have been fixed in the Mac version of the Market Client, those issues being an abnormally high rate of CPU usage and images not showing up on the marketplace. Now, it performs equally as well as our Windows market client, which is wonderful news!

A professional and slick explanatory video about the BitBay platform is in the works (the audio sounds great!). This will be a streamlined and convenient way to introduce new users and investors to BAY, something that we all agree is vitally important moving forward.

The next version of BitBay should be coming out relatively quickly. David has had a bit less time as he has had to assist his family during these turbulent times in Florida, but things are more or less still on track.

Links: http://www.Bitbay.market

https://www.reddit.com/r/BitBay/
https://bitcointalk.org/index.php?topic=890531.0
http://bitbay.market/wp-login.php?action=slack-invitation
https://t.me/bitbayofficial
https://discord.gg/sP8b66W
https://twitter.com/BitBayofficial

Work is 99% complete on our very own BitBay block explorer! This will lay the groundwork for us to begin mobile development down the line.

this is very interesting....

 a decentralised block explorer?

is this what this is?

[Munti]

BitBay Community Update 9/10/2017

David has given a wonderful summation of the exotic spending updates that will be present in the next version of the BitBay market client. You can find all this information at: https://www.reddit.com/r/BitBay/comments/6zca3v/plain_english_breakdown_of_upcoming_exotic/
Work is 99% complete on our very own BitBay block explorer! This will lay the groundwork for us to begin mobile development down the line.

We are proud to announce Bruno Guimarães has accepted the role of Art Director for BitBay. With over 12 years of experience in visual marketing we feel he is more than qualified to take our brand image to the next level!
We have also found an exceptionally qualified individual to take over as head of our marketing team, Traceur! Traceur has over 7 years of experience in B2B marketing, from deep market research to brand strategy, and we are privileged to have such a person assist us in getting the word out.

Our newly appointed Project Manager, Shorn, has been and will be continue to aid in organizing and coordinating activities between the separate teams. This has streamlined our workflow, and we have been generally performing more effectively as a unit thanks to his contributions.

A copywriter has been found, Priscilla, who will assist in making our technical text easily understandable to those who are somewhat new to Blockchain or technology in general, something vitally important as the market expands and average Joes enter the sector.

Several minor (but quite inconvenient, speaking from experience) bugs have been fixed in the Mac version of the Market Client, those issues being an abnormally high rate of CPU usage and images not showing up on the marketplace. Now, it performs equally as well as our Windows market client, which is wonderful news!

A professional and slick explanatory video about the BitBay platform is in the works (the audio sounds great!). This will be a streamlined and convenient way to introduce new users and investors to BAY, something that we all agree is vitally important moving forward.

The next version of BitBay should be coming out relatively quickly. David has had a bit less time as he has had to assist his family during these turbulent times in Florida, but things are more or less still on track.

Links: http://www.Bitbay.market

https://www.reddit.com/r/BitBay/
https://bitcointalk.org/index.php?topic=890531.0
http://bitbay.market/wp-login.php?action=slack-invitation
https://t.me/bitbayofficial
https://discord.gg/sP8b66W
https://twitter.com/BitBayofficial

Work is 99% complete on our very own BitBay block explorer! This will lay the groundwork for us to begin mobile development down the line.

this is very interesting....

 a decentralised block explorer?

is this what this is?

No, electrum style explorer

[hah]

Do you guys keep bitbay on exchanges or wallets? What if I keep my bitbay on exchanges and rolling peg gets implemented. Will it be frozen there for a very long time?

[Munti]

Do you guys keep bitbay on exchanges or wallets? What if I keep my bitbay on exchanges and rolling peg gets implemented. Will it be frozen there for a very long time?

Anyone that's been around for a while will tell you to not leave your coins on exchanges. They tend to get "hacked"
That said, the peg is not expected to cause problems in regards to keeping coins on exchanges. David has several solutions to how exchanges can deal with the peg.

[dzimbeck]

BitBay Community Update 9/10/2017

David has given a wonderful summation of the exotic spending updates that will be present in the next version of the BitBay market client. You can find all this information at: https://www.reddit.com/r/BitBay/comments/6zca3v/plain_english_breakdown_of_upcoming_exotic/
Work is 99% complete on our very own BitBay block explorer! This will lay the groundwork for us to begin mobile development down the line.

We are proud to announce Bruno Guimarães has accepted the role of Art Director for BitBay. With over 12 years of experience in visual marketing we feel he is more than qualified to take our brand image to the next level!
We have also found an exceptionally qualified individual to take over as head of our marketing team, Traceur! Traceur has over 7 years of experience in B2B marketing, from deep market research to brand strategy, and we are privileged to have such a person assist us in getting the word out.

Our newly appointed Project Manager, Shorn, has been and will be continue to aid in organizing and coordinating activities between the separate teams. This has streamlined our workflow, and we have been generally performing more effectively as a unit thanks to his contributions.

A copywriter has been found, Priscilla, who will assist in making our technical text easily understandable to those who are somewhat new to Blockchain or technology in general, something vitally important as the market expands and average Joes enter the sector.

Several minor (but quite inconvenient, speaking from experience) bugs have been fixed in the Mac version of the Market Client, those issues being an abnormally high rate of CPU usage and images not showing up on the marketplace. Now, it performs equally as well as our Windows market client, which is wonderful news!

A professional and slick explanatory video about the BitBay platform is in the works (the audio sounds great!). This will be a streamlined and convenient way to introduce new users and investors to BAY, something that we all agree is vitally important moving forward.

The next version of BitBay should be coming out relatively quickly. David has had a bit less time as he has had to assist his family during these turbulent times in Florida, but things are more or less still on track.

Links: http://www.Bitbay.market

https://www.reddit.com/r/BitBay/
https://bitcointalk.org/index.php?topic=890531.0
http://bitbay.market/wp-login.php?action=slack-invitation
https://t.me/bitbayofficial
https://discord.gg/sP8b66W
https://twitter.com/BitBayofficial

Work is 99% complete on our very own BitBay block explorer! This will lay the groundwork for us to begin mobile development down the line.

this is very interesting....

 a decentralised block explorer?

is this what this is?

Sort of... we can run electrum nodes and then ask them for data

[dzimbeck]

Do you guys keep bitbay on exchanges or wallets? What if I keep my bitbay on exchanges and rolling peg gets implemented. Will it be frozen there for a very long time?

No the exchanges need to honor the peg. Also when the peg starts, we begin at full liquidity and can then freeze and unfreeze in either direction (inflate or deflate). It just controls liquidity. However, I really wouldn't keep my Bay on exchanges... it is always best to move it to a wallet.

[Asimmo]

New investor in bitbay, just bought bunch of coins.

Regarding this progressive post and idea: I think it should be developed more concretely asap and implemented/initiated.
What type of PR activity can we start right now?
even as easy as signiture campaign here..

I find it funny that Particl is 4.5x the marketcap of BitBay, but they tried to reverse BAY's tech and failed. Why invest $ into the $90mil cap coin when they failed to reverse code the $20mil cap coin's code...? Makes absolutely no sense

Cryptos don't make sense (look at the top20... Hcash... others...)
But that's the way it is.

Since June,we see the beginning of an early-mass-adoption movement (who here doesn't know someone who entered the market recently, or thinks about it ?).
It changes the game: Technology is not the only parameter in the valuation equation: Teams are scrutinized, marketing has a huge impact etc...
Crytpomarkets evolved: projects must adapt or die.

That said... Bitbay is a great tech. Maybe it just needs a bit of PR, and starting from the community is not a bad thing.

What if, WE, the hodlers, start promoting the coin again ?
Twitter, Facebook, LinkedIn, BitcoinTalk signature etc...

I think we need :

1- 2 officials statements about Bitbay: why is it so good? what is the end user value propostion?
-->  it can be done by an expert member here and validated by the devs.
We need 2 statments: 1 statement will be technical, and one for the average joe (simple).
We'll use these as a baseline to write the social media tweets and so.

2a- a short term roadmap for "news" and teasing (don't tease without news...):
Next releases
2b- curators for news and articles. Writers on Medium and Steemit for instance, and their links to resteem and upvote.

3- A structured and synchronized communication:
--> Same Tweets, same Hashtag (#BAY... why not something else like #NextBigCrypto)
--> Same linkedin post for all with hashtag (someone writes one and we copy paste)
--> etc etc..


We probably need a specific topic here or a slack channel to coordinate "off-the line"

Who is in ?
It's time to lift BAY up :-)

All these are great ideas.

I would add to this a few powerful tools we already have.


1. the main board here.... don't dream of underestimating the power of the main alt board.

2. this thread kept on page 1 of the ANN section - that will do more good than you know.


After the next release where the pos % is fixed and the exotic spending is introduced...plus whatever summer surprises were hinted at...

I will create a big thread on the main boad which is feel is justified and not just shilling or spam. It will attract attention.

I would prefer we had a masternode or tiered pos levels to encourage accumulation and holding but I see not many of the community nor david wants this. To me it is the main part missing here since high minting coins with low volume are very prone to churning. Any rise in price is tough when everyone is churning. Hard to get traction or momentum. Dash would be nowhere without its masternode scheme. It may be centralised but has a cap of 100 x bay. Same for pivX people love a number to aim for , people do not like messing with their masternodes every 5 mins. Accumulation and holding. The main part of getting up the cmc ladder to positions of real attention.

However even lacking that I think a  huge thread about bitbay on the main alt board will be very effective and even a small pos reward is better than nothing to make people save.

Another huge jump forward can be by obtaining the backing of a well known person with connections and followers. Bringing bitbay to the attention of someone like this can change a project over night. We need more people with connections involved with bitbay. People who know how to get bitbay inbfront of the right people. It has the capabilities to rival the top 10 projects we need some people to take note of it who can use that knowledge to get it to the top 10.

Self funding is one thing bay lacks compared to other big projects too. This needs to be looked at.

[dzimbeck]

New investor in bitbay, just bought bunch of coins.

Regarding this progressive post and idea: I think it should be developed more concretely asap and implemented/initiated.
What type of PR activity can we start right now?
even as easy as signiture campaign here..

I find it funny that Particl is 4.5x the marketcap of BitBay, but they tried to reverse BAY's tech and failed. Why invest $ into the $90mil cap coin when they failed to reverse code the $20mil cap coin's code...? Makes absolutely no sense

Cryptos don't make sense (look at the top20... Hcash... others...)
But that's the way it is.

Since June,we see the beginning of an early-mass-adoption movement (who here doesn't know someone who entered the market recently, or thinks about it ?).
It changes the game: Technology is not the only parameter in the valuation equation: Teams are scrutinized, marketing has a huge impact etc...
Crytpomarkets evolved: projects must adapt or die.

That said... Bitbay is a great tech. Maybe it just needs a bit of PR, and starting from the community is not a bad thing.

What if, WE, the hodlers, start promoting the coin again ?
Twitter, Facebook, LinkedIn, BitcoinTalk signature etc...

I think we need :

1- 2 officials statements about Bitbay: why is it so good? what is the end user value propostion?
-->  it can be done by an expert member here and validated by the devs.
We need 2 statments: 1 statement will be technical, and one for the average joe (simple).
We'll use these as a baseline to write the social media tweets and so.

2a- a short term roadmap for "news" and teasing (don't tease without news...):
Next releases
2b- curators for news and articles. Writers on Medium and Steemit for instance, and their links to resteem and upvote.

3- A structured and synchronized communication:
--> Same Tweets, same Hashtag (#BAY... why not something else like #NextBigCrypto)
--> Same linkedin post for all with hashtag (someone writes one and we copy paste)
--> etc etc..


We probably need a specific topic here or a slack channel to coordinate "off-the line"

Who is in ?
It's time to lift BAY up :-)

All these are great ideas.

I would add to this a few powerful tools we already have.


1. the main board here.... don't dream of underestimating the power of the main alt board.

2. this thread kept on page 1 of the ANN section - that will do more good than you know.


After the next release where the pos % is fixed and the exotic spending is introduced...plus whatever summer surprises were hinted at...

I will create a big thread on the main boad which is feel is justified and not just shilling or spam. It will attract attention.

I would prefer we had a masternode or tiered pos levels to encourage accumulation and holding but I see not many of the community nor david wants this. To me it is the main part missing here since high minting coins with low volume are very prone to churning. Any rise in price is tough when everyone is churning. Hard to get traction or momentum. Dash would be nowhere without its masternode scheme. It may be centralised but has a cap of 100 x bay. Same for pivX people love a number to aim for , people do not like messing with their masternodes every 5 mins. Accumulation and holding. The main part of getting up the cmc ladder to positions of real attention.

However even lacking that I think a  huge thread about bitbay on the main alt board will be very effective and even a small pos reward is better than nothing to make people save.

Another huge jump forward can be by obtaining the backing of a well known person with connections and followers. Bringing bitbay to the attention of someone like this can change a project over night. We need more people with connections involved with bitbay. People who know how to get bitbay inbfront of the right people. It has the capabilities to rival the top 10 projects we need some people to take note of it who can use that knowledge to get it to the top 10.

Self funding is one thing bay lacks compared to other big projects too. This needs to be looked at.

On this forum other than our weekly updates people aren't quite seeing the action going on in private slack channels. However there are several core members on our team (as on our team page on the site) and I get 100s of messages a day. A lot is going on for PR.

The most consistent PR push will be an ongoing Facebook campaign that we will monitor our target markets for results. There is a list of other things and creative ideas are thrown around daily.

Also exciting news to the holders as posted on Slack...

Bitbays first checklocktimeverify transaction

c18a0e7f4ddd6492fa653d9feebea1fdfd64c24b54f7c691383e2ef3852f885d

That is an example of freezing coins

It was only frozen for 10 minutes

https://chainz.cryptoid.info/bay/tx.dws?c18a0e7f4ddd6492fa653d9feebea1fdfd64c24b54f7c691383e2ef3852f885d.htm

Notice the address was "bRuVYS74nhKMX62oV5HqCTfhBGrYEFAsBL"

but the keys used to sign were actually from "bTuZboysrngsaqJvRj4db4CV2Qa21Q5Jcb"
 
It was locked until this timestamp... 1505429979



So just so you guys know, I'm making steady progress with our locking functions! The next update will have a lot of fun types of payments we can send to each other!

It's just as I'm very strict on security I have to always make sure everything is smooth and we make sure parties are notified when they get these types of payments and that they check the scripts.

[Peppa2304]

Good to see this thread. Good luck, guys!

[GiorgosK]

This is a good coin
the freebay (faucet) is not working anymore ?
http://bitbay.market/freebay/ ?
any working faucets ?

[Anoxxxy]

New investor in bitbay, just bought bunch of coins.

Regarding this progressive post and idea: I think it should be developed more concretely asap and implemented/initiated.
What type of PR activity can we start right now?
even as easy as signiture campaign here..

I find it funny that Particl is 4.5x the marketcap of BitBay, but they tried to reverse BAY's tech and failed. Why invest $ into the $90mil cap coin when they failed to reverse code the $20mil cap coin's code...? Makes absolutely no sense

Cryptos don't make sense (look at the top20... Hcash... others...)
But that's the way it is.

Since June,we see the beginning of an early-mass-adoption movement (who here doesn't know someone who entered the market recently, or thinks about it ?).
It changes the game: Technology is not the only parameter in the valuation equation: Teams are scrutinized, marketing has a huge impact etc...
Crytpomarkets evolved: projects must adapt or die.

That said... Bitbay is a great tech. Maybe it just needs a bit of PR, and starting from the community is not a bad thing.

What if, WE, the hodlers, start promoting the coin again ?
Twitter, Facebook, LinkedIn, BitcoinTalk signature etc...

I think we need :

1- 2 officials statements about Bitbay: why is it so good? what is the end user value propostion?
-->  it can be done by an expert member here and validated by the devs.
We need 2 statments: 1 statement will be technical, and one for the average joe (simple).
We'll use these as a baseline to write the social media tweets and so.

2a- a short term roadmap for "news" and teasing (don't tease without news...):
Next releases
2b- curators for news and articles. Writers on Medium and Steemit for instance, and their links to resteem and upvote.

3- A structured and synchronized communication:
--> Same Tweets, same Hashtag (#BAY... why not something else like #NextBigCrypto)
--> Same linkedin post for all with hashtag (someone writes one and we copy paste)
--> etc etc..


We probably need a specific topic here or a slack channel to coordinate "off-the line"

Who is in ?
It's time to lift BAY up :-)

All these are great ideas.

I would add to this a few powerful tools we already have.


1. the main board here.... don't dream of underestimating the power of the main alt board.

2. this thread kept on page 1 of the ANN section - that will do more good than you know.


After the next release where the pos % is fixed and the exotic spending is introduced...plus whatever summer surprises were hinted at...

I will create a big thread on the main boad which is feel is justified and not just shilling or spam. It will attract attention.

I would prefer we had a masternode or tiered pos levels to encourage accumulation and holding but I see not many of the community nor david wants this. To me it is the main part missing here since high minting coins with low volume are very prone to churning. Any rise in price is tough when everyone is churning. Hard to get traction or momentum. Dash would be nowhere without its masternode scheme. It may be centralised but has a cap of 100 x bay. Same for pivX people love a number to aim for , people do not like messing with their masternodes every 5 mins. Accumulation and holding. The main part of getting up the cmc ladder to positions of real attention.

However even lacking that I think a  huge thread about bitbay on the main alt board will be very effective and even a small pos reward is better than nothing to make people save.

Another huge jump forward can be by obtaining the backing of a well known person with connections and followers. Bringing bitbay to the attention of someone like this can change a project over night. We need more people with connections involved with bitbay. People who know how to get bitbay inbfront of the right people. It has the capabilities to rival the top 10 projects we need some people to take note of it who can use that knowledge to get it to the top 10.

Self funding is one thing bay lacks compared to other big projects too. This needs to be looked at.

On this forum other than our weekly updates people aren't quite seeing the action going on in private slack channels. However there are several core members on our team (as on our team page on the site) and I get 100s of messages a day. A lot is going on for PR.

The most consistent PR push will be an ongoing Facebook campaign that we will monitor our target markets for results. There is a list of other things and creative ideas are thrown around daily.

Also exciting news to the holders as posted on Slack...

Bitbays first checklocktimeverify transaction

c18a0e7f4ddd6492fa653d9feebea1fdfd64c24b54f7c691383e2ef3852f885d

That is an example of freezing coins

It was only frozen for 10 minutes

https://chainz.cryptoid.info/bay/tx.dws?c18a0e7f4ddd6492fa653d9feebea1fdfd64c24b54f7c691383e2ef3852f885d.htm

Notice the address was "bRuVYS74nhKMX62oV5HqCTfhBGrYEFAsBL"

but the keys used to sign were actually from "bTuZboysrngsaqJvRj4db4CV2Qa21Q5Jcb"
 
It was locked until this timestamp... 1505429979



So just so you guys know, I'm making steady progress with our locking functions! The next update will have a lot of fun types of payments we can send to each other!

It's just as I'm very strict on security I have to always make sure everything is smooth and we make sure parties are notified when they get these types of payments and that they check the scripts.

You are doing an amazing work David !
Keep up the good work and I am really looking forward for the pegging making BAY less volatile .

Regards Anoxy

[Laranian]

It's so undervalued although it's a good project ...

[GiorgosK]

OK faucet is still working
bitbay.market/freebay

its not 1000 free coins but 100 due to the rising price of bitbay

I got my 100 coins so far looks pretty cool

[legday]

This coin is amazing, I've seen coins pump for a promise of what BAY already has.
I was very excited to find a coin this cheap, but this part really bummed me out -

How can the freezing/hedging system peg Bay to US$, and how is it possible?
Bay is made to be used by ordinary consumers. They want a currency with a predictable value and without volatility. For example, by deflating the currency, we can make supply match the demand on exchanges. This means we can keep the price equal to a peg price (for example $1). Pegging can be done by controlling supply. By freezing a percentage of the Bay in everyone’s wallet we reduce supply to a level where it meets demand at the price we want.

If coins get frozen then can I still sell them?
In order to allow for a healthy and liquid market, we are considering allowing the sale of reserve coins. However, the condition is, you must lock the coins for 3-6 months and the new buyer will only receive them as reserve. This can allow for new people to enter the market with a long term investment. It may also be useful for large purchases without effecting the price, deposits without using liquid coins or even peer to peer good faith sales or exchange. There are many advantages to frozen assets like lending against them, giving discounts and large swaps.

So it basically takes away the whole beauty of Cryptocurrency. If consumers wanted predictable value determined by small group of people they would not get on this market at first place. We already have predictable USDT.
Plus you are restricting investors to use their coins and they are not allowed to sell it whenever they please. 
Crypto is still in embryo phase and its exciting to watch how it develops and where it can go, and rolling out "Pegging" now, in the wild west, just bores me.