are any of the things david is coding exclusively for bitbay or this just all part of halo being coded out and trials with bitbay?
david how invested in bitbay are you and how exclusive are all of your current and ongoing developments tied to bitbay?
Is only the pegging going to be bitbay property?
Would you say you are equally interested in blackcoin and bitbay and invested in those two projects above all others?
Or is your primary interest neither and rather the halo project is what you are working on that can be licensed to anyone for a fee?
I would like to know the answers to those questions before investing more into either black or bay. I already have quite a bit of both.
The branding of Bitbay is more conducive to markets. There are also features exclusive to BitBay such as the pegging/hedging tools. The issue with BitHalo and BlackHalo is that it will be harder to guarantee a stable price growth or stable economy. So yes, pegging is the only feature that is exclusively BitBay in our immediate roadmap.
However, consider its much easier to use markets when the prices aren't all over the place. Especially if there is a price growth with a rolling peg.
Blackcoin is the first coin I developed in however im not the main dev so there is less control over protocol. Decentralized markets are not technically hard coded in the coins protocol. It uses Bitmessage and the Halo modifications that are fully decentralized. However, Blackcoin will be the base currency for NightTrader microtrading contracts. So they have their own advantages.
My primary interest is delivering the products exactly as promised. Personally, i don't have a preference of Bitcoin over Blackoin or Bitbay. They are all good coins.
The thing about pegging is, its a hard coded protocol so it will work without exchanges or with them. But we do need to make sure that exchanges are willing to put the new Bitbay on their exchange. If everything works out well, then I'm very bullish on Bitbay(of course).
So yeah Blackcoin and Bay are my primary interests as coins because the people who invested in those want to see it pay off.
My interest in Halo is totally separate. It's not a financial incentive. I don't care if Halo succeeds, I care that double deposit escrow (2 party escrow) becomes the standard in Bitcoin. Nobody should use 3rd parties, it goes completely against decentralization. Third parties are biased. So yeah the Halo stuff is more of an idealistic thing. Its the reason i came to Bitcoin. As for Halo licenses, whats the point of a license if the idea of DECENTRALIZATION dies with it?? We want 2 party escrow, no courts or complex paperwork, no arbiters who are biased, no middle men taking from every deal, no more theft and deception. That idea i hope will become the standard escrow even if another company copies it and Halos name is forgotten.
Pegging happens to be one of my favorite cryptocurrency concepts. I really think programmable money should not be limited to the boring "Bob sends Alice coins". If we can force the coins to behave like an actual economy then we can prove cryptocurrency has true advantages over the dollar. We can make coins act like different asset classes, use the blockchain as a notary, and even use it to represent time.
Bitcoin is not being used correctly. Its being used as a speculative asset. Thats what we are trying to change.
