BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg

[kumara]

Thread is a graveyard really. The fact we have marketing team is quite remarkable.

From the entire team you need one person or two to keep the thread on page 1 or 2 here or at least one comment 3x per day

I think they are overworked, they have drafted a lot of people and they are still getting accommodated to the project and setting up a lot of different things at once.

As I just learned, http://Bitbay.net is wholly unrelated to http://Bitbay.market

The name Bitbay is therefore already diluted and unless you were first to market, your use will possibly open you up to a lawsuit. Your name must be uniquely identifiable to prevent confusing consumers and distinguish your product from anyone else’s. From a marketing standpoint your project is dead in the water.
I am very surprised your marketing team has not rectified this fatal flaw by now.

Sadly I see no point in investing in this project under the Bitbay name.

I suggest you rebrand under a new name ASAP

Well if you knew what the other investors knew about this project you wouldn't say that.

Also the exaggeration is preposterous, you can't sue a blockchain. Hahaha try suing Bitcoin. This project like many others is decentralized, ownerless. Both projects came at the same time actually by coincidence. There is no confusion, they are a centralized exchange and we are a coin with hundreds of use cases and features. Centralized exchanges won't last long anyways. Even if there was we had an international presence long before they did (they started out as a Polish exchange and grew from there).

Good. Your answer that you had an international presence long before the other "bitbay" means you were first to market and sums up the strength of your position. This fact also removes most if not all of my hesitation to invest. So long as your primary market, logo, branding etc continues it's direction, eBay should also be of no concern.

Your project has tremendous potential and I expect big things in the future.

[1714659255]

1714659255

[1714659255]

1714659255

[1714659255]

1714659255

[1714659255]

1714659255

[Munti]

Added two more devs to BitBay team today. Both with crypto experience 

[cryptohunter]

Added two more devs to BitBay team today. Both with crypto experience 

That's very good news. Have they worked on anything we know?

bays team is expanding nicely lately.

[dzimbeck]

Thread is a graveyard really. The fact we have marketing team is quite remarkable.

From the entire team you need one person or two to keep the thread on page 1 or 2 here or at least one comment 3x per day

I think they are overworked, they have drafted a lot of people and they are still getting accommodated to the project and setting up a lot of different things at once.

As I just learned, http://Bitbay.net is wholly unrelated to http://Bitbay.market

The name Bitbay is therefore already diluted and unless you were first to market, your use will possibly open you up to a lawsuit. Your name must be uniquely identifiable to prevent confusing consumers and distinguish your product from anyone else’s. From a marketing standpoint your project is dead in the water.
I am very surprised your marketing team has not rectified this fatal flaw by now.

Sadly I see no point in investing in this project under the Bitbay name.

I suggest you rebrand under a new name ASAP

Well if you knew what the other investors knew about this project you wouldn't say that.

Also the exaggeration is preposterous, you can't sue a blockchain. Hahaha try suing Bitcoin. This project like many others is decentralized, ownerless. Both projects came at the same time actually by coincidence. There is no confusion, they are a centralized exchange and we are a coin with hundreds of use cases and features. Centralized exchanges won't last long anyways. Even if there was we had an international presence long before they did (they started out as a Polish exchange and grew from there).

Good. Your answer that you had an international presence long before the other "bitbay" means you were first to market and sums up the strength of your position. This fact also removes most if not all of my hesitation to invest. So long as your primary market, logo, branding etc continues it's direction, eBay should also be of no concern.

Your project has tremendous potential and I expect big things in the future.

Sure and I hope my response didn't come on strong. It's actually because of all we went through to get here which in it's own right was an amazing comeback. And the subject of rebrand came up many times. Although it's a great brand. What I want to attempt is finish the features (like rolling peg) and then take a step back, breath of fresh air and see how the market reacts to all of our goals met. We can continue to market it and then the subject ever presents itself in the future we can revisit it. Antshares rebranded to NEO, Darkcoin to Dash, etc. It happens but the main goal should be our mechanics, our features. A rebrand is extremely time consuming and not even needed at this stage. We speak in code, in our actions. Since Bitcoin solved a serious problem which was trust of a financial system. So our features solve another problem which is trust in agreements (two party escrow), markets/communication and hosting (decentralized markets), and volatility and backing (decentralized/moving/dynamic/rolling peg). That is my perspective as a scientist. From a marketing perspective though the brand is strong anyways and fairly conducive to the services and solutions offered. And please let us know if you have other questions and never shy away from potential criticisms because we have actually greatly improved the product due to feedback over the years.

[cfrm]

Is there anywhere $BAY can be acquired that doesnt have a terrible reputation?

[ders_a]

Is there anywhere $BAY can be acquired that doesnt have a terrible reputation?

bittrex. dont knwo what you see wrong there. tt works

[jjacob]

Is there anywhere $BAY can be acquired that doesnt have a terrible reputation?

bittrex. dont knwo what you see wrong there. tt works

Bittrex is a good exchange, but it is closed for new registrations. You have to be a corporate or have a special invite before you can register. That puts Bitbay out of the reach of most newbies in the crypto world.

[ders_a]

Ok, cryptopia isok if amount not huge. Upbit probably is also ok for some users. c-cex is a bit strange and maybe old style looking but it works stable and I trust it to do purchase. BAY wallet is ok to store things and to stake. if person like to buy only BAY - I would select c-cex. If person think to buy some other coins, then probably cryptopia

https://coinmarketcap.com/currencies/bitbay/#markets

[cryptohunter]

I like cryptopia lately nice and quick and reliable so far.

bittrex is solid

upbit seems to have good volume too

[joffmac]

Is there anywhere $BAY can be acquired that doesnt have a terrible reputation?

hope you can help we are trying to get some coin onto a new wallet from an old wallet which were on the wallet before the fork.

[cryptohunter]

Is there anywhere $BAY can be acquired that doesnt have a terrible reputation?

hope you can help we are trying to get some coin onto a new wallet from an old wallet which were on the wallet before the fork.

should be as easy as download and sync new wallet, place old wallet.dat in the appdata after?

always keep backups of wallet.dats thought

[BitBaydev]

We have just released a major update to the BitBay Web Wallet. This update adds some amazing new features including individual multisignature accounts, time-locked payments, and joint accounts with up to 15 signatories. Check it out at https:// wallet.bitbay.market

[cryptohunter]

We have just released a major update to the BitBay Web Wallet. This update adds some amazing new features including individual multisignature accounts, time-locked payments, and joint accounts with up to 15 signatories. Check it out at https:// wallet.bitbay.market

that is quite an nice update for sure...

imagine on a day like this bay had the rolling peg on... would be a safe haven far more so that tether right now.

[lijoe408]

These updates are nice,but there should be priority shift to rolling peg.  It's the only thing that can help in this market, and a grand opportunity to step in while tether potentially implodes.  Any other updates, wont' even make a blip in this market.

[freigeist]

This seems interesting but a little abstract to me is there any better explanation to this: https://bitbay.market/dynamic-peg

What i want to know is how this works i will use round numbers for that purpose in this example:

Put for example that a user has 1000 bays in his wallet and the current market value to USD is 1:1.
In that case  how much of this amount is locked in the reserve?!
Or how much is immediately locked into reserve if a user buys 1000 bays from an exchange an send to his wallet?!

In case of value rise to for example 2:1 i suppose that then half of the amount will be locked that means 500 bays right?
But what happens to the funds locked in Double Deposit Escrow or any other contract that were stipulated before the coin has risen?
Will the collaterals also get halved and put into reserve automatically or how this should work?

Thanks.

[xianwei82]

BITBAY is a great mode. It's a revolutionary way to trade everything with anywhere in the world. I am optimistic about the future development of this coin.

[dzimbeck]

This seems interesting but a little abstract to me is there any better explanation to this: https://bitbay.market/dynamic-peg

What i want to know is how this works i will use round numbers for that purpose in this example:

Put for example that a user has 1000 bays in his wallet and the current market value to USD is 1:1.
In that case  how much of this amount is locked in the reserve?!
Or how much is immediately locked into reserve if a user buys 1000 bays from an exchange an send to his wallet?!

In case of value rise to for example 2:1 i suppose that then half of the amount will be locked that means 500 bays right?
But what happens to the funds locked in Double Deposit Escrow or any other contract that were stipulated before the coin has risen?
Will the collaterals also get halved and put into reserve automatically or how this should work?

Thanks.

Yeah good question. When funds are in a contract first the system will make sure only liquid funds go into a contract. Then if funds freeze during a deal you will be able to withdraw the frozen portion using a one month time lock (this is how you are able to transfer frozen funds in general as they are "Slowed down")

The amount your 1000 Bay freezes will be determined by when you received them and the total supply rate. If the supply is at 100% liquid then all coins can move. If the supply drops to 50% liquid and your funds had not moved since the beginning then you would have half of your 1000 frozen and sent back to you in case you try to spend it. Thus you would have 500 frozen from 100-50 and 500 liquid from 50-0. Then when you send a person those liquid funds he may also experience a gradual freeze if the supply continues to drop. If the supply increases then your reserve funds are made available.

When working on the markets your software will automatically make sure you as a merchant get a reasonable amount of liquidity in an offer or else it may notify you otherwise.

During very volatile times we could see the supply adjust a lot in a day. And actually this is the part of this that is more of a balancing act. Should we allow up to 24 changes of 1% in supply a day (when votes are counted) or should we allow less? Those decisions will determine how quickly someones funds could freeze.

When the coin grows in market cap in theory you would see less volatility (as low market cap tends to be more volatile than high market cap). Thus you would see much less of a change in supply in a day.

We are not forcing a specific target with our algorithm and instead going to allow the price to move (hence the name rolling/moving/dynamic peg). Although the same technique can be used to force any currency to X price. We like the idea of giving users more control over their own economy to decide where they want the coin to go in terms of price vs liquidity. And we can adjust some of the variables based on how the tests go and how the market reacts.

[dzimbeck]

These updates are nice,but there should be priority shift to rolling peg.  It's the only thing that can help in this market, and a grand opportunity to step in while tether potentially implodes.  Any other updates, wont' even make a blip in this market.

I've considered that but since I already finished the buy/sell anything template and auctions/reverse auctions then I am only a couple templates away anyways. A few of them are fairly simple except for barter template which is a little more work. So I think it's okay to finish that first. Even if we had it done today we would still need to talk to exchanges so they connect to an API to track the peg.

[Hoaluu87]

Twitter Link :
https://twitter.com/Hoaluu1280?s=17
Follow us on Twitter
Twitter username: @Hoaluu1280
Twitter followers: 24

Facebook link: facebook.com/phong.trien.12
Like us on Facebook / Rate us 5 stars on Facebook /
facebook.com/phong.trien.12
Friends count:
Medium Link : https://medium.com/@Devi7
Telegram username: @Devi71280
Post a quality tweet / Retweet and like our tweet https://twitter.com/Hoaluu1280

[brainland]

I get this message when I try to send my $BAY out from the web wallet

"The transaction was rejected by network rules. TX rejected"


What's the cause?