BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg

[rowenta01]

Try making a conf file and put itr in your bittbay folder.
Use a text editor like windows own notepad, and copypaste this:

addnode=106.187.50.153
addnode=158.69.27.82
addnode=178.78.78.168
addnode=185.94.189.142
addnode=192.99.200.144
addnode=217.25.213.223
addnode=217.25.213.224
addnode=217.25.213.226
addnode=217.25.213.227
addnode=217.25.213.244
addnode=217.25.213.246
addnode=217.25.213.250
addnode=24.37.11.106
addnode=40.112.149.192
addnode=45.56.109.7
addnode=50.203.100.32
addnode=73.130.81.250
addnode=79.0.211.237
addnode=80.203.117.85
addnode=85.25.146.74
addnode=94.137.30.225
addnode=104.237.2.192
addnode=108.61.10.90
addnode=178.63.60.137
addnode=213.226.252.19
addnode=80.65.245.16
addnode=84.28.245.31
addnode=88.98.104.40

save as Bitbay.conf (not bitbay.txt -you need to choose all files when saving) in your bitbay folder that you probably will find in users/youruser/appdata/roaming

Thx a lot. It's ok now. I download with 10 nodes!

[1715084157]

1715084157

[1715084157]

1715084157

[cr197]

Thx. I use QT wallet!

Why not change to the safe and secure smart contract client?

The QT's only current advantage over the client is that it stakes.

Their is nothing wrong with the client. It's been out for 2 years and I've tested it extensively .
David is very close to releasing an update for it. This update will include staking in the client as well!
At that point you will start seeing a lot more people moving to the client as it will actually be more secure than the QT wallet as the client will have cold staking capabilities - the first of its kind for crypto!

I'm actually going to pick up my raspberry pi today at the post office. I can't wait to set it up with David's linux version of the client. That way I'll be able to have a joint account setup with 2 computer devices, each holding their own private key. That way I'll be able to 'cold stake' with my account. Hackers would have to simultaneously hack both devices and security features in order to access account - virtually impossible!

Eventually the QT will become obsolete and Bay will move exclusively into the client - that will happen once the rolling peg is implemented. Until then people will still be able to use the QT.

[dzimbeck]

Even with the cold staking in the client, anyone who splits their wallet into multiple accounts still might use QT. This is because Bitbay uses multisignature and uses those public keys in the markets and for account management. However when the coin moves to pegging the QT will be completely obsolete.

With that said, we have a new mandatory QT for the FORK on the 21st and we are only waiting for the website to be updated.

[dzimbeck]

Yes! Exactly. Crypto is slowly moving away from hype toward utility and usability and BAY has a feature set that will be in demand. The past is the past, if you live there instead of the present, you will miss every great thing the happens in the crypto world. This won't be the first time someone dedicated and tenacious made something great out of the ashes of someone else's scam but, it will be the most profitable in spite of the haters...

David: Thank you for your continued dedication and hard work David. It won't be long now till it all pays of.


  

Funny you should mention this. Our slack team made this promo video. Bitbay rising from the ashes like a pheonix. This is going to be our year.

https://www.youtube.com/watch?v=GOIRxGQz4hY&feature=youtu.be

[ifightformerkel]

Yes! Exactly. Crypto is slowly moving away from hype toward utility and usability and BAY has a feature set that will be in demand. The past is the past, if you live there instead of the present, you will miss every great thing the happens in the crypto world. This won't be the first time someone dedicated and tenacious made something great out of the ashes of someone else's scam but, it will be the most profitable in spite of the haters...

David: Thank you for your continued dedication and hard work David. It won't be long now till it all pays of.


  

Funny you should mention this. Our slack team made this promo video. Bitbay rising from the ashes like a pheonix. This is going to be our year.

https://www.youtube.com/watch?v=GOIRxGQz4hY&feature=youtu.be

A really nice video.

I also invested in BitBay and i will hold this coin that i have now until the 1. January 2018,
Iam really surprising how high the price will go.

[vella85]

Yes! Exactly. Crypto is slowly moving away from hype toward utility and usability and BAY has a feature set that will be in demand. The past is the past, if you live there instead of the present, you will miss every great thing the happens in the crypto world. This won't be the first time someone dedicated and tenacious made something great out of the ashes of someone else's scam but, it will be the most profitable in spite of the haters...

David: Thank you for your continued dedication and hard work David. It won't be long now till it all pays of.


  

Funny you should mention this. Our slack team made this promo video. Bitbay rising from the ashes like a pheonix. This is going to be our year.

https://www.youtube.com/watch?v=GOIRxGQz4hY&feature=youtu.be

A really nice video.

I also invested in BitBay and i will hold this coin that i have now until the 1. January 2018,
Iam really surprising how high the price will go.

Same here, I'll be holding my BitBay for the long term and in the mean time I will continue to stake and earn rewards. What are people's predictions on where the price of BitBay will be by the middle to end of 2017? I'm hoping to see BitBay reach at least 300 to 500 sats by the middle of 2017.

[dzimbeck]

IMPORTANT: FORK TO POS 3.0

Hey everyone! The QTs have been updated and the markets client is now running 1.25 the last step before the voting and staking with exotic spending.
Please update your QT wallets as soon as possible.

The change to POS 3.0 will take effect on January 21st

UTC time: 1484956800

You must download the new QT well in advance. We expect to see more than 90% of the nodes running the new protocol 60016 within a week.
https://chainz.cryptoid.info/bay/#!network

Also let any exchanges, block explorers and any services know just in case. We will do the same.

You can build the new wallet from www.github.com/dzimbeck/bitbay

Or you can download binaries at bitbay.market or from the OP

The direct link is here:
Windows - www.davtonia.com/bitbay/bitbayqtwin.zip
Mac - www.davtonia.com/bitbay/bitbayqtmac.zip
Linux - www.davtonia.com/bitbay/bitbayqtlinux.tar.gz

[Tenzen]

Thanks for the update. A nice new look too!

I’ve been lurking for quite a while, so my new year’s resolution will be, to be more active on this forum.

Many thanks to David, and all the people who are supporting him in his endeavors. Looking forwards the changes POS 3.0 will bring to the market place.

[rqdxrocket]

Thank you David and everyone else involved.  New QT wallet downloaded and working great.  Currently updating the new Market, so far so good.

Thanks

[gjsteele71]

Here is a quick walkthrough for getting the new Windows QT Wallet and Bootstrap updates completed...

http://bitbay.market/windowsqtwalletupdate/



Please come by and join us on Slack if you have not already done so!

http://bitbay.market/wp-login.php?action=slack-invitation

[rqdxrocket]

Here is a quick walkthrough for getting the new Windows QT Wallet and Bootstrap updates completed...

http://bitbay.market/windowsqtwalletupdate/



Please come by and join us on Slack if you have not already done so!

http://bitbay.market/wp-login.php?action=slack-invitation

Thank you gjsteele71

[cryptohunter]

Great work david.
So many coins struggling for volume and risk delisting on bittrex but bay is still quite decent. Next stop polo.

[Romeo1979]

Great work david.
So many coins struggling for volume and risk delisting on bittrex but bay is still quite decent. Next stop polo.

where there any news regarding polo so far ?

[ifightformerkel]

Good work and thanks for the release date of the fork to POS 3.0.

After this i hope polo will have this coin on their radar.
I really think that we will see a 2 digit million cap in this year.

[vella85]

Good work and thanks for the release date of the fork to POS 3.0.

After this i hope polo will have this coin on their radar.
I really think that we will see a 2 digit million cap in this year.

Yes good work dev and lets hope that after we are on POS 3.0 that polo finally accepts BitBay. That would be a huge step to making this coin get more exposure in the markets as we all know that polo is the number #1 exchange in the world. I'm also thinking we could see a 2 digit market cap for BitBay as long as it is added on polo.

[Munti]

Get paid to learn smart contracts!


We want more people to learn about the awesome unbreakable contracts offered by BitBay and Halo. There is a fawset in the marketplace



Here is a training video of a contract being done:
https://www.youtube.com/watch?v=HrXUZRGd1hE&t=1s


For those of you that are new here:

Bitbay was the worlds first decentralized market.
http://motherboard.vice.com/read/this-decentralized-bitcoin-market-is-for-legal-stuff-only
http://www.coindesk.com/bithalo-smart-contracts-without-block-chain-bloat/

BitBay runs using "unbreakable contracts" using double deposit. Its been a few years running flawlessly. The fawcet uses the "guarantor" contracts where the deposit is only made by the seller (unilateral) however the theory is the same in the user interface. It is easy to set up using the "Cash for Coins" template.

Unlike other projects, this is not a promotion or vaporware. This software does exactly what it says it does. A lot of investors speculate on coins not even bothering to download the software and see the power of what it offers. This is what we are trying to fix. Get more people interested in caring about the technology and using it. This software has a full user interface and hundreds of little features exhaustively tested over the years. Something we know you will find awesome. There is absolutely nothing like this on the market.
Rising from the ashes! Our upcoming pegging system will force a stable price:

https://www.youtube.com/watch?v=GOIRxGQz4hY&feature=youtu.be

Here are some of the things BitBay has to offer:
*Unbreakable contracts (Peer to Peer no blockchain bloat)
*Decentralized Anonymous Markets (Peer to Peer no blockchain bloat stronger than Tor)
*Multisignature wallets with dual passwords hidden inside of PNG/JPG images using steganography
*Automated Joint accounts and the ability to sign transactions with 2 computers (hard core security)
*User Friendly Templates for contracts
*Training videos
*Ability to hide any file in an image
*IMAP under the hood full integration with Email, automated negotiation of contracts
*Price tracking so orders always maintain price
*Bitmessage fully integraded decentralized email and markets
*Translates to 92 languages using Google Translate
*Unique change management system which breaks all the change into denominations
*Easy to use accounting panel
*Live Python Debugger, run the interpreter within the software
*Advanced sending with multipay options
*"Pay To Email" tipping system. Hide payments in images direct to email.
*Everything is automated
*Full Offer/Counter-Offer negotiation system.
*Escrow panel with tons of options, anonymous chat
*Feedback and reputation system, see how many contracts gained and lost
*Serverless, everything is Peer to Peer
*Decentralized moderation keys available to trusted users
*Custom contracts and all kinds of contact options
*Start your own market, completely anonymous
*Cash for coins template
*Custom contract template (can do anything you want if you are
familiar with it)

Implications of DDE(Double Deposit Escrow) Smart Contracts and their use cases:
Decentralized "Local Bitcoins": Send wires without the fear of theft due to Double deposit
Decentralized exchange of cash for coins
Buy/Sell anything without "Empty Box Scam" NO ARBITER NEEDED. It is self enforcing trade even with untrusted parties
So it works like a decentralized trustless ebay... NO MIDDLEMEN, NO ESCROW NEEDED
Works like decentralized Freelancer/Odesk
Unbreakable Employee contracts. FORCE people to HONOR their word! No more unreliable employees, employers forced to pay as well.
Barter ANYTHING. Use the coins only as self-assurance. Form a farm co-op trade Gold for Silver, Iron for Wheat. No need to use coins can decouple completely from currency.
Some of the templates are still being worked on to make it "Mom friendly" so that it takes as few clicks as possible to form a contract. No need to think of "terms and conditions" contracts are anonymous and self-enforcing. Here is some of the features that we are working on in 2017:
*Exotic spending... we will have the worlds first client to support time locks in the UI, deadmans switch and burn and parking and freezing coins all supported within the UI.
*Cold Staking for both BitBay and BlackHalo... stake using two computers, impossible to hack. Its basically joint account staking
*Custom Staking with Voting! Completely trustless voting and donations via staking.
*Anti-Keylogger: A special on-screen keyboard to obliterate keyloggers once and for all. Even mouse movement loggers will be no match for this unless every movement is recorded
*Tor and proxy options for internet requests
*Buy/Sell template featuring multiple shipping options including a calculator and options to bill in escrow
*Employment template featuring the ability for weekly reports and auto-payment within contract. Payments contingent on reports
*Barter contract with amazing "wish list" where each item can be calculated converting kilograms to hours and ability to know exactly how many "Avocados" you need for a pound of "Tomatoes". Perfect for farming co-op in 3rd world countries. Perfect for trading used items!
*Reverse auctions! Sellers bid for you the buyer
*Normal Auctions... Ebay style decentralized auctions
*Python contracts: Use the python interpreter to make contracts between peers. Pre-approved contracts potentially possible for verified devs and audited code on github.
*API And more!

The developer of BitBay (David Zimbeck) has been coding for years. He speaks with his software, always backing up his word. Unlike other developers he has never abandoned a project. The original founders of BitBay left the project and tried to blame him for their nefarious actions. Yet despite being cyberbullied and propagandized by the founders through the bitcointalk forum, 2 years later he STILL codes the software releasing many updates and a recent fork to POS 3.0. This is why we want you to test the software for yourself! The proof is in the actions!
Bitbay will be releasing a "rolling peg". This is basically a freezing/unfreezing inflation/deflation system that has the ability to create two asset classes "frozen" and "liquid". Based on voting, the supply can decrease or increase allowing a stable price in the markets and the ability to increase price without a market maker. If you want to be a part of the community, join our slack http://bitbay.market/wp-login.php?action=slack-invitation

If you've read this far, thanks for listening and we hope you will join us and learn how to use smart contracts!

[AmsterdamPimp]

Great work david.
So many coins struggling for volume and risk delisting on bittrex but bay is still quite decent. Next stop polo.

Polo will say the only bad thing is its piss poor volume. And bittrex is laughable exchange now a days, I'd rather trade at yobit.

[PikachuYou]

How many coins in total?

[cr197]

Great work david.
So many coins struggling for volume and risk delisting on bittrex but bay is still quite decent. Next stop polo.

Polo will say the only bad thing is its piss poor volume. And bittrex is laughable exchange now a days, I'd rather trade at yobit.

Well worst case scenario polo will see the potential Bay has to offer with the peg as a hedging tool alternative to it's tethered USD.
So hopefully in another 6 months or so it will be a sure thing. So now is the time to accumulate in anticipation.

[cr197]

How many coins in total?

1 billion plus 1% annual growth from soon to be POS3.0 stake reward.

POS3.0 is much better than it's predecessor.  It enforces that no matter what 1% will be added to the coin supply - that's based on every coin staking.
Since it's impossible for every coin to stake you earn more than 1% because you are reaping the reward that the current unstaked coins would be generating as well.

edit:
I think some people on Blackcoin were making around 3-5% because of this