BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg

[nowclever]

Yeah it's pretty exciting stuff. One of the reasons it takes so much time is the security of the system, performance of the client and also the complexity of decentralizing these things. Also because I'm the only coder, when life gets in the way, it causes delays. Regardless, this month I'm back to coding full time.

For example, Bitcoin has been working on the lightning network for years, companies such as 21 and others. Ideas that seem simple can prove to take lots of time to code. Also, in a perfect world I would love to start over from scratch with a team. Knowing what I know now about blockchains. It would be awesome to rewrite Bitcoin. There are so many ideas but it would only work if I wasn't the only coder.

It's not a surprise that we are seeing the rise of centralized blockchain such as Steemit. And we will see many more in the next 10 years. As predicted.

Yeah so this is why decentralized exchanges, side chains, notary, lightning networks and pegging systems are so crucial

Altcoins have the advantage of testing faster, forking easier, and trying new ideas.

The rolling peg is simple in theory however, it has tons of small features. The biggest challenge was finding a protocol that was decentralized and secure. The method chosen is really awesome. I want to write a paper on it, but some of the core members have advised me to wait before the release so it doesn't get used by the competition. It is tempting though.

Also thanks to everyone who still follows this project. Thanks for your loyalty. It really helps drive the project forward.

You scammed so many coins, and do nothing release, you and your balckshitcoin are both dead,. And how did you spend the fund? All on drugs and hookers??

[pugman]

nowclever - you must have an interest in Bitbay otherwise why would you have gone out of your way to read the thread other than to purposely try and discredit David? - I see your a new account too? odd message for a "newbie" to be posting? If you were around when Blackcoin was extremely popular then surly you have posted on here before?

Now that things are looking exciting, bright and on track again are we going to see more of your organised team back here trying to hold Bitbay back? . . Well we can all see right through you! So go Bug someone else because we are bored of you

[Medow]

when will this coin be %5 of a dollar?

How about never. This has been ruined by someone who is clueless how the market works. Judging by the books and stagnation I'd say one person owns well over 50% now if that was a whale that new the game, this could rocket! However, as I said someone who is clueless is holding them.

That same person will destroy their investment lol because there is no room for proper players to get in without taking the price to levels where this coin is not worth and will not give them room to profit.

All in all, this coin will die because of that big holder and the volume will always remain as terrible as it is now.

Message to big holder........

You are killing your own investment lol

You realize this coin will be pegged right? Making the scenario you mentioned above impossible. It won't matter if a whale holds 75% even still the coin will force value by freezing supply by voting. That's the whole point.

If you don't understand you will need big players to push this forward then all I can say is good luck. Who the hell is going to know that the peg has begun when it only has a few inside investors. It is a shame because you look like you reached the market first but others have caught the boat so to speak. Good luck either way, you work well.

[pugman]

when will this coin be %5 of a dollar?

How about never. This has been ruined by someone who is clueless how the market works. Judging by the books and stagnation I'd say one person owns well over 50% now if that was a whale that new the game, this could rocket! However, as I said someone who is clueless is holding them.

That same person will destroy their investment lol because there is no room for proper players to get in without taking the price to levels where this coin is not worth and will not give them room to profit.

All in all, this coin will die because of that big holder and the volume will always remain as terrible as it is now.

Message to big holder........

You are killing your own investment lol

You realize this coin will be pegged right? Making the scenario you mentioned above impossible. It won't matter if a whale holds 75% even still the coin will force value by freezing supply by voting. That's the whole point.

If you don't understand you will need big players to push this forward then all I can say is good luck. Who the hell is going to know that the peg has begun when it only has a few inside investors. It is a shame because you look like you reached the market first but others have caught the boat so to speak. Good luck either way, you work well.

ALOT of people know the pegging is coming and if you have a general interest in Crypto you should be aware of Bitbays decentralised market and its forthcoming rolling peg system!?
A lot of people are waiting to see if David can pull this off and if he does (which he will) it will be a game changer and will attract a lot of interest from a lot of people.
Crypto is a big risk and if you have a lot of money, investing a lot makes it more riskier! So these people want to see it working before ploughing vast amounts of money into it.

[Medow]

when will this coin be %5 of a dollar?

How about never. This has been ruined by someone who is clueless how the market works. Judging by the books and stagnation I'd say one person owns well over 50% now if that was a whale that new the game, this could rocket! However, as I said someone who is clueless is holding them.

That same person will destroy their investment lol because there is no room for proper players to get in without taking the price to levels where this coin is not worth and will not give them room to profit.

All in all, this coin will die because of that big holder and the volume will always remain as terrible as it is now.

Message to big holder........

You are killing your own investment lol

You realize this coin will be pegged right? Making the scenario you mentioned above impossible. It won't matter if a whale holds 75% even still the coin will force value by freezing supply by voting. That's the whole point.

If you don't understand you will need big players to push this forward then all I can say is good luck. Who the hell is going to know that the peg has begun when it only has a few inside investors. It is a shame because you look like you reached the market first but others have caught the boat so to speak. Good luck either way, you work well.

ALOT of people know the pegging is coming and if you have a general interest in Crypto you should be aware of Bitbays decentralised market and its forthcoming rolling peg system!?
A lot of people are waiting to see if David can pull this off and if he does (which he will) it will be a game changer and will attract a lot of interest from a lot of people.
Crypto is a big risk and if you have a lot of money, investing a lot makes it more riskier! So these people want to see it working before ploughing vast amounts of money into it.

If alot of people knew the peg was coming then the market would be on fire because of the previous updates David has delivered on. It would not need to be released to get the ball rolling, in the game I play we buy on rumor and sell on news not the other way around.

[dzimbeck]

Yeah it's pretty exciting stuff. One of the reasons it takes so much time is the security of the system, performance of the client and also the complexity of decentralizing these things. Also because I'm the only coder, when life gets in the way, it causes delays. Regardless, this month I'm back to coding full time.

For example, Bitcoin has been working on the lightning network for years, companies such as 21 and others. Ideas that seem simple can prove to take lots of time to code. Also, in a perfect world I would love to start over from scratch with a team. Knowing what I know now about blockchains. It would be awesome to rewrite Bitcoin. There are so many ideas but it would only work if I wasn't the only coder.

It's not a surprise that we are seeing the rise of centralized blockchain such as Steemit. And we will see many more in the next 10 years. As predicted.

Yeah so this is why decentralized exchanges, side chains, notary, lightning networks and pegging systems are so crucial

Altcoins have the advantage of testing faster, forking easier, and trying new ideas.

The rolling peg is simple in theory however, it has tons of small features. The biggest challenge was finding a protocol that was decentralized and secure. The method chosen is really awesome. I want to write a paper on it, but some of the core members have advised me to wait before the release so it doesn't get used by the competition. It is tempting though.

Also thanks to everyone who still follows this project. Thanks for your loyalty. It really helps drive the project forward.

You scammed so many coins, and do nothing release, you and your balckshitcoin are both dead,. And how did you spend the fund? All on drugs and hookers??

Funny accusation from a new profile. Yet decentralized markets were released in Bitbay being a year ahead of OpenBazaar. But if your definition of scam is doing really hard work for money then okay. If I did drugs then I would not have time nor the focus to code.

To me scamming is what Bob Ryan Lin and Steven did... taking money and doing absolutely nothing. Well actually I consider that theft but okay.

But people who fud and propagandize to me are lower than thieves. No soul, no value, less significant than mosquitoes.

[dzimbeck]

when will this coin be %5 of a dollar?

How about never. This has been ruined by someone who is clueless how the market works. Judging by the books and stagnation I'd say one person owns well over 50% now if that was a whale that new the game, this could rocket! However, as I said someone who is clueless is holding them.

That same person will destroy their investment lol because there is no room for proper players to get in without taking the price to levels where this coin is not worth and will not give them room to profit.

All in all, this coin will die because of that big holder and the volume will always remain as terrible as it is now.

Message to big holder........

You are killing your own investment lol

You realize this coin will be pegged right? Making the scenario you mentioned above impossible. It won't matter if a whale holds 75% even still the coin will force value by freezing supply by voting. That's the whole point.

If you don't understand you will need big players to push this forward then all I can say is good luck. Who the hell is going to know that the peg has begun when it only has a few inside investors. It is a shame because you look like you reached the market first but others have caught the boat so to speak. Good luck either way, you work well.

ALOT of people know the pegging is coming and if you have a general interest in Crypto you should be aware of Bitbays decentralised market and its forthcoming rolling peg system!?
A lot of people are waiting to see if David can pull this off and if he does (which he will) it will be a game changer and will attract a lot of interest from a lot of people.
Crypto is a big risk and if you have a lot of money, investing a lot makes it more riskier! So these people want to see it working before ploughing vast amounts of money into it.

If alot of people knew the peg was coming then the market would be on fire because of the previous updates David has delivered on. It would not need to be released to get the ball rolling, in the game I play we buy on rumor and sell on news not the other way around.

You've actually made a good point. Finishing the pegging takes time (I'm still coding templates and cold staking).

So when people see that done and they hear progress on slack then the volume will pick up and it will be self evident. Smart investors are patient. Some may come in later, that's no big deal.

Pushing it forward isn't needed (aka pumpers and market makers). That's the point of the rolling peg. Of course volume is awesome but the purpose of this code is to make the market maker irrelevant. In theory I could back it myself by deflating/freezing and then slowly unfreezing as volume increases.

But sure when investors come in because they know it's almost done, cool. However an investor would be foolish not to watch this project.

[neo1947]

Yeah it's pretty exciting stuff. One of the reasons it takes so much time is the security of the system, performance of the client and also the complexity of decentralizing these things. Also because I'm the only coder, when life gets in the way, it causes delays. Regardless, this month I'm back to coding full time.

For example, Bitcoin has been working on the lightning network for years, companies such as 21 and others. Ideas that seem simple can prove to take lots of time to code. Also, in a perfect world I would love to start over from scratch with a team. Knowing what I know now about blockchains. It would be awesome to rewrite Bitcoin. There are so many ideas but it would only work if I wasn't the only coder.

It's not a surprise that we are seeing the rise of centralized blockchain such as Steemit. And we will see many more in the next 10 years. As predicted.

Yeah so this is why decentralized exchanges, side chains, notary, lightning networks and pegging systems are so crucial

Altcoins have the advantage of testing faster, forking easier, and trying new ideas.

The rolling peg is simple in theory however, it has tons of small features. The biggest challenge was finding a protocol that was decentralized and secure. The method chosen is really awesome. I want to write a paper on it, but some of the core members have advised me to wait before the release so it doesn't get used by the competition. It is tempting though.

Also thanks to everyone who still follows this project. Thanks for your loyalty. It really helps drive the project forward.

You scammed so many coins, and do nothing release, you and your balckshitcoin are both dead,. And how did you spend the fund? All on drugs and hookers??

Funny accusation from a new profile. Yet decentralized markets were released in Bitbay being a year ahead of OpenBazaar. But if your definition of scam is doing really hard work for money then okay. If I did drugs then I would not have time nor the focus to code.

To me scamming is what Bob Ryan Lin and Steven did... taking money and doing absolutely nothing. Well actually I consider that theft but okay.

But people who fud and propagandize to me are lower than thieves. No soul, no value, less significant than mosquitoes.

well said David,your last line of respond defines those well.
you are here from day one. we all know well.

[RJF19]

when will this coin be %5 of a dollar?

How about never. This has been ruined by someone who is clueless how the market works. Judging by the books and stagnation I'd say one person owns well over 50% now if that was a whale that new the game, this could rocket! However, as I said someone who is clueless is holding them.

That same person will destroy their investment lol because there is no room for proper players to get in without taking the price to levels where this coin is not worth and will not give them room to profit.

All in all, this coin will die because of that big holder and the volume will always remain as terrible as it is now.

Message to big holder........

You are killing your own investment lol

Interesting point of view but, wrong. I've been with BitBay since the IPO and all the BS that followed. My wallet is in the top 50 and I certainly don't see things the way you do. The "big holder" is most likely an exchange so, there goes your theory. Funny how you sound so much like one of Bob's little boy toys...

[RJF19]

Yeah it's pretty exciting stuff. One of the reasons it takes so much time is the security of the system, performance of the client and also the complexity of decentralizing these things. Also because I'm the only coder, when life gets in the way, it causes delays. Regardless, this month I'm back to coding full time.

For example, Bitcoin has been working on the lightning network for years, companies such as 21 and others. Ideas that seem simple can prove to take lots of time to code. Also, in a perfect world I would love to start over from scratch with a team. Knowing what I know now about blockchains. It would be awesome to rewrite Bitcoin. There are so many ideas but it would only work if I wasn't the only coder.

It's not a surprise that we are seeing the rise of centralized blockchain such as Steemit. And we will see many more in the next 10 years. As predicted.

Yeah so this is why decentralized exchanges, side chains, notary, lightning networks and pegging systems are so crucial

Altcoins have the advantage of testing faster, forking easier, and trying new ideas.

The rolling peg is simple in theory however, it has tons of small features. The biggest challenge was finding a protocol that was decentralized and secure. The method chosen is really awesome. I want to write a paper on it, but some of the core members have advised me to wait before the release so it doesn't get used by the competition. It is tempting though.

Also thanks to everyone who still follows this project. Thanks for your loyalty. It really helps drive the project forward.

You scammed so many coins, and do nothing release, you and your balckshitcoin are both dead,. And how did you spend the fund? All on drugs and hookers??

Ah, humor, now that's funny! Before posting again, see if you have some time to learn to spell and type, it would help to make your idiotic point...

[dzimbeck]

By the way, the latest update we need to check to see if everything works. We thought that maybe the Bitbay market wasn't being added but it appears to work fine. It would be nice to see some tests with fresh installations. Because if so, the is no bugs at all. We can confirm that the next update will be settings and another template.

So whomever is down to test the newest build with a fresh install and submit a few tests to the market would be appreciated. PM me any feedback or let us know on slack.

[Bobsurplus]

I hear the Chinese are about to pump bay. I been loading up. Have yall?

[3r197]

By the way, the latest update we need to check to see if everything works. We thought that maybe the Bitbay market wasn't being added but it appears to work fine. It would be nice to see some tests with fresh installations. Because if so, the is no bugs at all. We can confirm that the next update will be settings and another template.

So whomever is down to test the newest build with a fresh install and submit a few tests to the market would be appreciated. PM me any feedback or let us know on slack.

Yeah...
I've got a faucet set up inside the marketplace.
1000 free coins per user.
No deposit required for the faucet. Any questions you have you can send via the built-in escrow chat box!
Please feel free to check it out and learn the simple process of doing business on the internet without the need for a middleman!

[3r197]

Here are just a few potentials that people don't realize BitBay holds over the competition:

-- The potential to stake your coins through 2 computer devices making your wallet virtually unhackable.
-- The potential to be able to stake your coins on an exchange.
-- The potential for exchanges to use your computer for cold storage of "your" coins. This removes the possibility of exchange insiders stealing your coins.
-- With the peg implemented, the potential for BitBay to be utilized as a mean for loans in margin trading. Again, the lender would still have half control of his lending deposit, exchange insiders wouldn't be able steal the coins.

-- And best of all, BitBay doesn't even need an exchange! You can trade BitBay, p2p with any other fiat or cryptocoin to your choosing and backed by the assurance of double deposit escrow weeding out any untrustworthy counterparties.

[3r197]

With the recent hack at Bitfinex, it's just a matter of time before a new or existing exchange decides to go with the high "demand" and provide a service that guarantees your money is safe. BitBay will already provide exchanges with the tools to utilize this. They just have to be willing to accept it. So please keep the pressure on them.

The amount of coins that have the potential to do this are less than a handful. And so far of those, BitBay is leading the way in innovation.
Cold staking is just around the corner!
Once David finishes the rest of the templates, then BitBay will implement the rolling peg and this coin will be unstoppable.
Then David will provide the ability to create programmable p2p smart contracts similar to Ether yet without blockchain bloat.

There is no reason why this coin won't be in the top 20 by the middle of next year.

[Fragbait]

Is there source somewhere to compile just the simple QT wallet to store the tokens?

[Munti]

Is there source somewhere to compile just the simple QT wallet to store the tokens?

https://github.com/oxidian/BitBay

[Fragbait]

Is there source somewhere to compile just the simple QT wallet to store the tokens?

https://github.com/oxidian/BitBay

Thank you - built and syncing.

[3r197]

Looks like some nice accumulation on bter!

[wannaberich]

Looks like some nice accumulation on bter!

LOL, what's the price in sat now? I don't see any movement on bittrex, maybe soon.