BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg

[noobtrader]

@BrechREiZ

thanks, that do the trick  

[whale_shark]

you guys seen this table that was posted today

Highlights the great work been done by the team!

[Figatko]

It seems strange, if BitBay allows anonymous private unmoderated markets with TOR options, how is it possible to avoid drug trading?

[cryptohunter]

It seems strange, if BitBay allows anonymous private unmoderated markets with TOR options, how is it possible to avoid drug trading?

It is more surprising to me that bitbay even tries to have a single point of moderation at all. To me this opens it up for a single target of accountability.
Better to devise another way.

If users want to decentralise moderation in some way that may be best. 

[dzimbeck]

It seems strange, if BitBay allows anonymous private unmoderated markets with TOR options, how is it possible to avoid drug trading?

It is more surprising to me that bitbay even tries to have a single point of moderation at all. To me this opens it up for a single target of accountability.
Better to devise another way.

If users want to decentralise moderation in some way that may be best. 

It's not accountability because anyone who wants the mod key can have it as long as their intentions are good. In theory the moderation is decentralized. To be honest it's a good question but so far it looks like our users are honoring our request to keep it clean. For the project to get that kind of stigma would not help it's growth in my humble opinion.

For now we shall wait and see. It's definitely a gray area yet nobody has complained or raised any issues yet. The creators of TOR are not responsible either. The mod key exists as a courtesy in case someone wants to volunteer their free time chasing ghosts and hopefully a deterrent to show users where we want the software to shine in a commercial sense. In theory anyone who volunteers to moderate is simply a volunteer. If we have to adjust this in the future we could revisit it later. As of yet, there has been no need. This is still technology in it's infancy.

[dzimbeck]

did anyone has the new wallet download ?  all my stake are rejected and im  only connected to 1 node, i want to try the new wallet to stake.

If your stakes are rejected it might be for another reason as the fork doesn't trigger for a little bit. So potentially check the debug log file and see what the issue is. Maybe your computers clock is wrong. That could cause stakes to be timestamped incorrectly.

[dzimbeck]

Hi everyone! So yes sorry there was no announcement here. The marketing team first tweeted the exotic spend and they I suppose wanted to decouple the promotion of that and the fork despite being all in one update.

They recently tweeted and sent a blast email. I asked them why we didn't post on Bitcointalk and perhaps because nobody was assigned to it. Although that is okay, consider this an official post!

Yes we are forking and everyone must update to the new QT or Markets Client immediately. The fork takes place on the 30th however we need everyone running the new build way before that (hopefully by the 15th we need them signaling the new build).

And of course you should want to stake the new build because the reward was raised from 1.5 coins to 20 coins. This means the reward is now officially close to 1%

If only 1/4 the network is staking then you should have 4x the probability of reward and average 4% per year.

Also the "exotic spend" is here we might be the first client ever to support it! I've never seen software with locktimes in the interface so this is definitely exciting.

The hash puzzle switches is the identical technique used for Blocknets atomic trade by the way. Although we have no intention of building an exchange it's worth noting how much potential these special payments have.

The most practical uses in this update is Notary, Freeze and Switch. If you guys have feedback while testing it let me know as I've tried to keep it very simple.

[noobtrader]

did anyone has the new wallet download ?  all my stake are rejected and im  only connected to 1 node, i want to try the new wallet to stake.

If your stakes are rejected it might be for another reason as the fork doesn't trigger for a little bit. So potentially check the debug log file and see what the issue is. Maybe your computers clock is wrong. That could cause stakes to be timestamped incorrectly.

hi, thanks but my problem are solved now by adding bitbay.conf file  containing addnode.

[sarabanda]

If I hold bitbay on bittrex all its ok? I can buy more now and holding in bittrex?

[cryptohunter]

If I hold bitbay on bittrex all its ok? I can buy more now and holding in bittrex?

Well you can but you wont get your POS stake

[cryptohunter]

Hi everyone! So yes sorry there was no announcement here. The marketing team first tweeted the exotic spend and they I suppose wanted to decouple the promotion of that and the fork despite being all in one update.

They recently tweeted and sent a blast email. I asked them why we didn't post on Bitcointalk and perhaps because nobody was assigned to it. Although that is okay, consider this an official post!

Yes we are forking and everyone must update to the new QT or Markets Client immediately. The fork takes place on the 30th however we need everyone running the new build way before that (hopefully by the 15th we need them signaling the new build).

And of course you should want to stake the new build because the reward was raised from 1.5 coins to 20 coins. This means the reward is now officially close to 1%

If only 1/4 the network is staking then you should have 4x the probability of reward and average 4% per year.

Also the "exotic spend" is here we might be the first client ever to support it! I've never seen software with locktimes in the interface so this is definitely exciting.

The hash puzzle switches is the identical technique used for Blocknets atomic trade by the way. Although we have no intention of building an exchange it's worth noting how much potential these special payments have.

The most practical uses in this update is Notary, Freeze and Switch. If you guys have feedback while testing it let me know as I've tried to keep it very simple.

Great update david

This is exactly why we need a new team member to be dedicated to this thread on this board.

So at a later date if other decentralised exchanges do not materialise and work well i guess bitbay has the ability to .....

Did you think any further about using the lock time and amount of bay to attribute rewards to those accumulating and saving? like savings bonds. I think  people would really go for that. Especially once the online wallets and market place are here it would open all this up to the average person who does not want to run a wallet full time.

[cryptohunter]

also try to keep this thread going

https://bitcointalk.org/index.php?topic=2354040.0

[Zeehenk]

Are there any bounty or airdrop, sirs? Please help me if you can 
Thank you very much, my BITBAY wallet: BJo4fL9KbbtkVekp5wvD2Xp4HnfeBX8aap

Stop begging. You already begged in some other topicks. Nobody likes a beggar.

[cryptohunter]

Are there any bounty or airdrop, sirs? Please help me if you can 
Thank you very much, my BITBAY wallet: BJo4fL9KbbtkVekp5wvD2Xp4HnfeBX8aap

I think there is a faucet inside the bay market place. Perhaps someone else could confirm.

Also once bay has a build in development fund which i think should be coming soon we could attract attention here with micro tasks.

[cryptohunter]

I'm interesting in this project and i want to be a part of it. From which point i can start? I hope to answer me soon... Thanks!

I think there is a faucet in the bay market place.

Also i think bay should temp start up a pot for people that want to get involved for micro task and things that would benefit bitbay.

This pot of donations would only be a temp donations pot once we have a dev fund mechanism these could be repaid. I don;t believe in donations for the most part.

[sluggo]

is the new qt 2.0?

[dzimbeck]

is the new qt 2.0?

Yes I did not change the version number on the new QT I forgot. However the Markets wallet version number is change. Regardless everyone must update asap.

[dzimbeck]

Which rights do your tokens provide its holders with?

Here is our "wall of features"
http://bitbay.market/walloffeatures/

We have more working features than almost any other coin in the industry. Decentralized markets, unbreakable contracts, etc.

[dzimbeck]

I'm interesting in this project and i want to be a part of it. From which point i can start? I hope to answer me soon... Thanks!

Hey there, well feel free to check out our site and features... http://bitbay.market/walloffeatures/

And also if you want to coordinate with us join our Slack. And like said above you can test out the wallet for free doing contracts using our faucets or sell goods and services in the markets.

[dzimbeck]

Great update david

This is exactly why we need a new team member to be dedicated to this thread on this board.

So at a later date if other decentralised exchanges do not materialise and work well i guess bitbay has the ability to .....

Did you think any further about using the lock time and amount of bay to attribute rewards to those accumulating and saving? like savings bonds. I think  people would really go for that. Especially once the online wallets and market place are here it would open all this up to the average person who does not want to run a wallet full time.

I'm not sure if I will give special incentives for staking frozen funds. It depends on time and testing. As that would be a more complex build. We shall see. However it is an excellent idea to incentivize trade of frozen funds.