BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg

[raisinbran]

I use the market client. Will it have to be updated as well as the Qt? There don't SEEM to be problems.

Thanks a bunch for your work

[tradersnow]

I use the market client. Will it have to be updated as well as the Qt? There don't SEEM to be problems.

Thanks a bunch for your work

The Markets Client is also being updated as well, and both will have checkpoints so this rare issue doesn't happen again. The update for the Markets Client will come a day or two after the QT Wallet update announcement, which will be posted here soon.

Thank you everyone for your patience.  

[BitBayDoc]

Bay Reserve is Quietly the largest gaining coin (percentage wise - 72.8%) on LAToken right now...

[tradersnow]

OFFICIAL UPDATE:
Thank you everyone for your patience this past week. Here are the step-by-step directions for updating the BitBay Markets Client and getting on the correct chain.

*** Please note: This is a mandatory update for all users. ***

You must use the combination of new wallet and bootstrap versions to be sure to get on the correct chain.

Here is the guide to completing the update for the BitBay Markets Client:
https://forum.bitbay.market/t/how-to-fix-the-chain-split-issue-on-market-client-mandatory-for-all-users/2318

Please follow each step carefully!
If you have any questions or need technical support, please let the team know in the Discord #support channel here:
https://discordapp.com/invite/jRkjCxf (edited)

Those of you that use Qt wallet please refer to the instructions we have previously posted:
https://forum.bitbay.market/t/how-to-fix-the-chain-split-issue-on-qt-wallet-mandatory-for-all-users/2317

[BitBayDoc]

@tradersnow - What if we are on the right chain and our market client is working beautifully.
Do we still need to update also? Thanks.

[tradersnow]

@tradersnow - What if we are on the right chain and our market client is working beautifully.
Do we still need to update also? Thanks.

Hey Doc we recommend that everyone update to the latest version of QT even if they are already on the correct chain, so you don't end up experiencing this problem in the future. The new wallet contains some counter measures against chain split. So by updating you protect both yourself and the rest of the network. 

[BitBayDoc]

OK, I will do mandatory update on my Markets Client that I stake on.
I used to hate doing this; very nerve wracking in the beginning, now its not so stressful.
Everything is so fast and "smooth". Nothing to be scared of.
Great instructions (see above), easy to follow.
...Resync-ing now after putting in bootstrap. Thanks!

[raisinbran]

I use the Markets Client. Can I just:
1. Save my keys
2. Do a complete uninstall
3. Download the latest version and do a virgin install?
I don't mind syncing from scratch.

That should do it, right?

[tradersnow]

I use the Markets Client. Can I just:
1. Save my keys
2. Do a complete uninstall
3. Download the latest version and do a virgin install?
I don't mind syncing from scratch.

That should do it, right?

Technically, you should be able to do that and get on the correct chain; however, it's recommended to use the bootstrap, as that will give your wallet another level of correct block verification.

If you do complete uninstall and sync from scratch, just double check to make sure that 1. your keys are backed up, and 2. that the bitbaydata folder has been fully removed.

[raisinbran]

I just renamed the BitBay directory to BitBayOld and did a clean install to BitBay.

[raisinbran]

In order to avoid confusion, would it be possible to rename BitBayWin.zip to BitBayWin_v23.zip and BitBaySetup.exe to BitBaySetup_v23.exe?

[BitBaydev]

** Community Update **

The BitBay devs have now restarted work on the required updates to make the web wallet compatible with the new Dynamic Peg protocol.

And after the web wallet has been updated, we'll be releasing an update for the Android app, and then... building a new iPhone app for all our patient iOS users!

 

[Piston Honda]

lol i think you'll have to push any 'target' out from 2021 to....2025 lol sad.

[dzimbeck]

lol i think you'll have to push any 'target' out from 2021 to....2025 lol sad.

The price is up to 8 cents already due to the peg and if it wasn't for censorship and having to deal with scam exchanges making it hard to list we would be at the top of the charts and you know it. We live in an Idiocracy and you can choose to not be part of it. Admit it, you don't enjoy being a shill. Deep down you wish you were nicer.

[BitBayDoc]

lol i think you'll have to push any 'target' out from 2021 to....2025 lol sad.

@TinyPiston - You're sad, lol - and I'm a BitBay Multimillionaire again!   AHAHAHAHAHAAaaa!!!
And it's just gettin' started... Suck on that 'target' TinyP.

Thank You David Z & BAY Team!

[BitBaydev]

Want to see what BitBay’s Dynamic Peg looks like under the microscope?

Here’s an example of how “BAYtoshis” are organised into indexed columns instead of a disorganised pile of satoshis like #Bitcoin!



Why do we do it this way? Find out more tomorrow ...

[DIGITAL-DEMON]

Just downloaded new QT and bootstrap.  I am using Windows 10, 64bit.

Inserted bootstrap.dat into Appdata/Roaming/Bitbay, alongside wallet.dat.
Launched QT.

Bootstrap is being ignored.  Whole new set of files are created instead, and QT is syncing from scratch.

Any ideas?

[shaydinblue]

if your wallet is syncing, it's working. It takes about 4 hours even with the bootstrap. The blocks are being pulled from the bootstrap file instead from peers and uses that info to build the new files that you see.  You'll be good when your wallet syncs. You might need to restart your wallet to see your frozen balances in the correct spot if you voluntarily froze any coins.

[DIGITAL-DEMON]

if your wallet is syncing, it's working. It takes about 4 hours even with the bootstrap. The blocks are being pulled from the bootstrap file instead from peers and uses that info to build the new files that you see.  You'll be good when your wallet syncs. You might need to restart your wallet to see your frozen balances in the correct spot if you voluntarily froze any coins.

Thanks for the response buddy!! 

[BitBayDoc]

Don't look now; but BAY is back in the TOP 50 Coins by Market Cap!
 
AND is leading every coin in positive % change on CMC!
AND is leading Btc by 42.93%!