So can i just makes sure if fully understand what it is i am buying.
bitbay is a combo of
Bithalo - that is not tied to bit bay but is kind of licensed by bitbay for now. Will all halo evolutions/updateds automatically come to bitbay?
pegging - that is not yet developed? but will be closed source so that other alts can't just copy and paste this tech to their coins? this will be the property of bitbay or available to license by other alts?
I fully recognise david is a crypto genius of the level that few others can equal but I want to be sure he is tied to the future of this coin not just bithalo. There are no other devs on this coin so if David is not dedicated to bitbay long term i worry this is not the project to place too many of my eggs long term.
So can i ask straight out to david now: do you consider yourself bitbay's dev for the long haul or are you rather here code out what you said you would then move on to other projects?
Which coin do you favour blackcoin or bitbay? i have both but will go in further on the one you see as gaining more of your attention in the future.
I mean do you have enough bitbay to make it worth it becoming your priority? The entire coins value kind of lies in davids hands. I hope he has enough coins to make the hard work seem worth while.
Hey there, yeah this is a really good question and I am glad you have asked it. The first question being primarily about BitHalo. First of all, as everyone knows, I don't market BitHalo. The only reason we ended up having articles on BitHalo was because many reporters don't want to do stories on altcoins and I do expect that to change one day. BitHalo may be the door that gets people interested in Blackcoin and Bitbay so we should not shut it! And thats why I still have an interest in it. However, coding/community/etc I dedicate my full time in BlackHalo and BitBay. Its all still powered by Halo though which is really your question. So...
Because of Halo core, they are similar products. Halos design was meant to be coin agnostic. To prove that we don't need fancy Etherium code hard coded into the blockchain interfering with decentralization and a coins ability to scale(bandwidth/bloat).
This is exactly why I've proposed features that are exclusive to BitBay and Blackcoin. There are two things that make BitBay unique. The first being its branding. People use "E-Bay" because because it is branded in a way that people think of markets when they do. BitBay has the name that I think will make people think of markets and economy. And NightTrader has a name that obviously make people think of trading/exchange.
As you pointed out, pegging is the exclusive feature.
However, pegging is the feature that I'm the most bullish on because of the fact that if you are selling something in the markets and it's low volume you don't want prices to decline in the middle of your transaction. And even if they do, you would want long term price growth. Also, the fact that there is two different asset classes (frozen/liquid) really opens tons of doors (lending against frozen assets, large swaps, etc). Even on discussions on slack we have yet to break the ice on how much can be done there.
Blackcoin will be the base currency for any exchanges on NightTrader and again is branded. They don't have the rigid peg system and thus appeals more to speculation (which is not really a bad thing). They can and might go in a more anonymous direction as they just released stealth addresses. Plus Blackcoin is a place where many coders look to fork proof of stake security which is rat4s territory.
So I have more control over BitBay and its protocol. In theory, I was hired to only be a project manager and now have had to completely take over the project to protect it. And I do hold enough BitBay to make it worth my while to see this one to the end. So I have more control here but I really don't have a favorite because I want both communities to prosper. In the end, I'm very bullish on pegging if it works out the way we plan. However NightTrader could prove to be popular. Right now I see people still throwing money at centralized exchanges unfortunately so I don't know we have to wait and see.
As for open source well that will happen when the time is right. It has to happen one day, but it certainly will not happen until I have a completed project and i will probably wait to see that things are in fact successful. When people fork an idea the original usually remains more popular anyways we can't count on being the only game in town forever.
For when I leave crypto thats more of a personal decision. To be honest, i really don't like coding alone, and programming is not great for my health. So i'm looking forward to completion. If this turns out to be profitable and it doesn't upset the forces that be too much, and I can find some coders then I will probably still have a hand in the project. Not to mention if it succeeds we may get interesting offers.
