BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg

[legday]

Are we listing on Crypto bridge DEX?
I have seen twitt 2 days ago..
Any announcement regarding this by DEV?

Yes it's true

https://wallet.crypto-bridge.org/market/BRIDGE.BAY_BRIDGE.BTC

Dexs will be bigger than cexs in the future. Being listed on one of the most popular dexs is big step for Bay.

[1714580011]

1714580011

[Turkkiendez]

Next release in our roadmap is Multilingual Website Launch. More info coming soon.

https://i.imgur.com/twkVhHj.png

[dzimbeck]

Next release in our roadmap is Multilingual Website Launch. More info coming soon.

[Figatko]

Is it really one item in the marketplace or I don't see somehow? I heard that there could be a bug when you don't see, but I don't think that it can be so that you can see only one item and not the other.

[dzimbeck]

Is it really one item in the marketplace or I don't see somehow? I heard that there could be a bug when you don't see, but I don't think that it can be so that you can see only one item and not the other.

There is about 7-8 items. The thing is you should leave the software running so it has time to see everything that gets broadcasted. Sometimes orders can get circulated and then those who weren't connected may take a day for it to get broadcast again while updating. Consider the markets are decentralized and serverless so unless you are always connected you might not see some orders.

Also, we are working on our Bitmessage relay which is basically giving users the option to run a strong server node to relay the traffic to those who missed it and increase the speed. It will be needed for web markets.

[lijoe408]

Is it really one item in the marketplace or I don't see somehow? I heard that there could be a bug when you don't see, but I don't think that it can be so that you can see only one item and not the other.

There is about 7-8 items. The thing is you should leave the software running so it has time to see everything that gets broadcasted. Sometimes orders can get circulated and then those who weren't connected may take a day for it to get broadcast again while updating. Consider the markets are decentralized and serverless so unless you are always connected you might not see some orders.

Also, we are working on our Bitmessage relay which is basically giving users the option to run a strong server node to relay the traffic to those who missed it and increase the speed. It will be needed for web markets.

David, how long would it take someone to load the web marketplace if they are syncing for the first time.

[dzimbeck]

Is it really one item in the marketplace or I don't see somehow? I heard that there could be a bug when you don't see, but I don't think that it can be so that you can see only one item and not the other.

There is about 7-8 items. The thing is you should leave the software running so it has time to see everything that gets broadcasted. Sometimes orders can get circulated and then those who weren't connected may take a day for it to get broadcast again while updating. Consider the markets are decentralized and serverless so unless you are always connected you might not see some orders.

Also, we are working on our Bitmessage relay which is basically giving users the option to run a strong server node to relay the traffic to those who missed it and increase the speed. It will be needed for web markets.

David, how long would it take someone to load the web marketplace if they are syncing for the first time.

Well the marketplace doesn't "sync" but it does something similar when catching up with messages as they circulate and it can take up to a day in my experience.
However another thing to consider is users refresh their orders every 2 days so it's possible a message falls out of circulation and then gets refreshed later.
So definitely no longer than 48 hours.

Once we have "master node" relay servers then we can immediately show some of the orders in the main markets. We have a prototype but so far we want
to make more changes to it so it's also conducive for web based markets.

[cryptohunter]

crazy to see bay pushed well out of the top 200 now

this is very strange and with only 4btc volume on bittrex today

we need to come up with a bit of a plan to start bringing more awareness to this project.

[lijoe408]

Is it really one item in the marketplace or I don't see somehow? I heard that there could be a bug when you don't see, but I don't think that it can be so that you can see only one item and not the other.

There is about 7-8 items. The thing is you should leave the software running so it has time to see everything that gets broadcasted. Sometimes orders can get circulated and then those who weren't connected may take a day for it to get broadcast again while updating. Consider the markets are decentralized and serverless so unless you are always connected you might not see some orders.

Also, we are working on our Bitmessage relay which is basically giving users the option to run a strong server node to relay the traffic to those who missed it and increase the speed. It will be needed for web markets.

David, how long would it take someone to load the web marketplace if they are syncing for the first time.

Well the marketplace doesn't "sync" but it does something similar when catching up with messages as they circulate and it can take up to a day in my experience.
However another thing to consider is users refresh their orders every 2 days so it's possible a message falls out of circulation and then gets refreshed later.
So definitely no longer than 48 hours.

Once we have "master node" relay servers then we can immediately show some of the orders in the main markets. We have a prototype but so far we want
to make more changes to it so it's also conducive for web based markets.

Interesting.  Will anyone be able to run a relay node by locking at bitbay as collateral?

[dzimbeck]

crazy to see bay pushed well out of the top 200 now

this is very strange and with only 4btc volume on bittrex today

we need to come up with a bit of a plan to start bringing more awareness to this project.

I'm almost done with this template and will finish the API and Python contract ahead of schedule. All that is left is Barter. Then the peg. So I'm working as hard as I can.

One thing to consider about being off page 2... is that there is a lot of scam projects filling up the charts. The fact that nobody is held accountable to the claims they raised X is whats causing fake marketcap to rise above real projects. This won't last in my opinion.

Realize that 70 million was the top of page two a few months ago so the amount of bullshit to hit the charts lately is part of the issue.

At least in my opinion.

[dzimbeck]

Is it really one item in the marketplace or I don't see somehow? I heard that there could be a bug when you don't see, but I don't think that it can be so that you can see only one item and not the other.

There is about 7-8 items. The thing is you should leave the software running so it has time to see everything that gets broadcasted. Sometimes orders can get circulated and then those who weren't connected may take a day for it to get broadcast again while updating. Consider the markets are decentralized and serverless so unless you are always connected you might not see some orders.

Also, we are working on our Bitmessage relay which is basically giving users the option to run a strong server node to relay the traffic to those who missed it and increase the speed. It will be needed for web markets.

David, how long would it take someone to load the web marketplace if they are syncing for the first time.

Well the marketplace doesn't "sync" but it does something similar when catching up with messages as they circulate and it can take up to a day in my experience.
However another thing to consider is users refresh their orders every 2 days so it's possible a message falls out of circulation and then gets refreshed later.
So definitely no longer than 48 hours.

Once we have "master node" relay servers then we can immediately show some of the orders in the main markets. We have a prototype but so far we want
to make more changes to it so it's also conducive for web based markets.

Interesting.  Will anyone be able to run a relay node by locking at bitbay as collateral?

I'm wondering about that... what the rules would be for being a relay. Maybe we can do a collateral deal but then there would be some sort of profit system incentivizing them? So far we haven't really focused on that aspect. For now, I'm concerned about the basics of the system and engineering to scale.

[stonesourcery]

When is the dead line for claiming optitokens?

I mean i know the snapshot deadline was 1st of may but when is the claims deadline?

I cant see anything about the bitbay airdrop on their site?

any update about the Opti-Token Airdrop and token distribution???

[stonesourcery]

the ICO spans about 3 months and we're in the second month now so token distribution is a way off yet

[cryptohunter]

crazy to see bay pushed well out of the top 200 now

this is very strange and with only 4btc volume on bittrex today

we need to come up with a bit of a plan to start bringing more awareness to this project.

I'm almost done with this template and will finish the API and Python contract ahead of schedule. All that is left is Barter. Then the peg. So I'm working as hard as I can.

One thing to consider about being off page 2... is that there is a lot of scam projects filling up the charts. The fact that nobody is held accountable to the claims they raised X is whats causing fake marketcap to rise above real projects. This won't last in my opinion.

Realize that 70 million was the top of page two a few months ago so the amount of bullshit to hit the charts lately is part of the issue.

At least in my opinion.

Of course David we all know you are working as hard as you can and the product itself is way way ahead of most of those even in the top 50. The constant updates and new features are there as promised.

all these fake cap shit icos are sucking btc away from the real projects and it will not end well for those investards.

I guess people are more impressed with bullshit newfangled consensus schemes that sacrifice decentralisation for some hyped up tps.
Is there really any proof that there are any time tested new models that keep the same level of decentralisation and increase tps without going bloated super gigabyte chain size? isn't there always some trade offs either way that leave it questionable if it really is an improvement after all things are considered?

Do we really believe eos ada and all the new crypto 3.0 projects are really worth it?

And if we swapped over to something else would it require a huge amount of work to move bitbay marketplace off of pos3?

Just before the peg is launched I have a great idea for boosting bitbay's awareness and popularity, although will require some whale donations to a marketing pot.

[Figatko]

I'm wondering about that... what the rules would be for being a relay. Maybe we can do a collateral deal but then there would be some sort of profit system incentivizing them? So far we haven't really focused on that aspect. For now, I'm concerned about the basics of the system and engineering to scale.

I think that it would be great to make bays as incentivizing as possible. Not only for shopping, hiring and depositing, but a loyalty currency for BitBay. Imagine if people become interested in accumulating, earning and spending bays! For me as an investor it looks like a miracle and paradise.

[dzimbeck]

When is the dead line for claiming optitokens?

I mean i know the snapshot deadline was 1st of may but when is the claims deadline?

I cant see anything about the bitbay airdrop on their site?

any update about the Opti-Token Airdrop and token distribution???

We posted on Reddit about it how to redeem them.

[dzimbeck]

crazy to see bay pushed well out of the top 200 now

this is very strange and with only 4btc volume on bittrex today

we need to come up with a bit of a plan to start bringing more awareness to this project.

I'm almost done with this template and will finish the API and Python contract ahead of schedule. All that is left is Barter. Then the peg. So I'm working as hard as I can.

One thing to consider about being off page 2... is that there is a lot of scam projects filling up the charts. The fact that nobody is held accountable to the claims they raised X is whats causing fake marketcap to rise above real projects. This won't last in my opinion.

Realize that 70 million was the top of page two a few months ago so the amount of bullshit to hit the charts lately is part of the issue.

At least in my opinion.

Of course David we all know you are working as hard as you can and the product itself is way way ahead of most of those even in the top 50. The constant updates and new features are there as promised.

all these fake cap shit icos are sucking btc away from the real projects and it will not end well for those investards.

I guess people are more impressed with bullshit newfangled consensus schemes that sacrifice decentralisation for some hyped up tps.
Is there really any proof that there are any time tested new models that keep the same level of decentralisation and increase tps without going bloated super gigabyte chain size? isn't there always some trade offs either way that leave it questionable if it really is an improvement after all things are considered?

Do we really believe eos ada and all the new crypto 3.0 projects are really worth it?

And if we swapped over to something else would it require a huge amount of work to move bitbay marketplace off of pos3?

Just before the peg is launched I have a great idea for boosting bitbay's awareness and popularity, although will require some whale donations to a marketing pot.

Well we can revisit that when I finish the peg. So yeah as far as is sacrificing security for ease of use worth it? Probably not. Especially if it leads to centralization. However there are some things to be learned from their techniques for example like using faster servers to handle higher TPS and pruning the chain. And on some level some of those ideas can be used in a much more decentralized way (why not?). Also to change protocols isn't so hard since you really only need a snapshot of the chain.

[legday]

crazy to see bay pushed well out of the top 200 now

this is very strange and with only 4btc volume on bittrex today

we need to come up with a bit of a plan to start bringing more awareness to this project.

I'm almost done with this template and will finish the API and Python contract ahead of schedule. All that is left is Barter. Then the peg. So I'm working as hard as I can.

One thing to consider about being off page 2... is that there is a lot of scam projects filling up the charts. The fact that nobody is held accountable to the claims they raised X is whats causing fake marketcap to rise above real projects. This won't last in my opinion.

Realize that 70 million was the top of page two a few months ago so the amount of bullshit to hit the charts lately is part of the issue.

At least in my opinion.

Of course David we all know you are working as hard as you can and the product itself is way way ahead of most of those even in the top 50. The constant updates and new features are there as promised.

all these fake cap shit icos are sucking btc away from the real projects and it will not end well for those investards.

I guess people are more impressed with bullshit newfangled consensus schemes that sacrifice decentralisation for some hyped up tps.
Is there really any proof that there are any time tested new models that keep the same level of decentralisation and increase tps without going bloated super gigabyte chain size? isn't there always some trade offs either way that leave it questionable if it really is an improvement after all things are considered?

Do we really believe eos ada and all the new crypto 3.0 projects are really worth it?

And if we swapped over to something else would it require a huge amount of work to move bitbay marketplace off of pos3?

Just before the peg is launched I have a great idea for boosting bitbay's awareness and popularity, although will require some whale donations to a marketing pot.

It is true that tps is overrated, there is absolutely no need for tps race. Also, I would like to hear what the idea is.

[cryptohunter]

crazy to see bay pushed well out of the top 200 now

this is very strange and with only 4btc volume on bittrex today

we need to come up with a bit of a plan to start bringing more awareness to this project.

I'm almost done with this template and will finish the API and Python contract ahead of schedule. All that is left is Barter. Then the peg. So I'm working as hard as I can.

One thing to consider about being off page 2... is that there is a lot of scam projects filling up the charts. The fact that nobody is held accountable to the claims they raised X is whats causing fake marketcap to rise above real projects. This won't last in my opinion.

Realize that 70 million was the top of page two a few months ago so the amount of bullshit to hit the charts lately is part of the issue.

At least in my opinion.

Of course David we all know you are working as hard as you can and the product itself is way way ahead of most of those even in the top 50. The constant updates and new features are there as promised.

all these fake cap shit icos are sucking btc away from the real projects and it will not end well for those investards.

I guess people are more impressed with bullshit newfangled consensus schemes that sacrifice decentralisation for some hyped up tps.
Is there really any proof that there are any time tested new models that keep the same level of decentralisation and increase tps without going bloated super gigabyte chain size? isn't there always some trade offs either way that leave it questionable if it really is an improvement after all things are considered?

Do we really believe eos ada and all the new crypto 3.0 projects are really worth it?

And if we swapped over to something else would it require a huge amount of work to move bitbay marketplace off of pos3?

Just before the peg is launched I have a great idea for boosting bitbay's awareness and popularity, although will require some whale donations to a marketing pot.

Well we can revisit that when I finish the peg. So yeah as far as is sacrificing security for ease of use worth it? Probably not. Especially if it leads to centralization. However there are some things to be learned from their techniques for example like using faster servers to handle higher TPS and pruning the chain. And on some level some of those ideas can be used in a much more decentralized way (why not?). Also to change protocols isn't so hard since you really only need a snapshot of the chain.

Thanks for this answer David. As always the best dev out there bar none for keeping in touch with the community and answering questions.

[dzimbeck]

Thanks for this answer David. As always the best dev out there bar none for keeping in touch with the community and answering questions.

Thanks, I appreciate it. I've made very good progress finishing both Employment and Python Templates and API. So all that is left is Barter. Then the peg. Then we broker some exchange relationships or something.