BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg

[stereotype]

Where is BitBay being traded?

https://bittrex.com/Market/Index?MarketName=BTC-BAY

[selavy59]

I have installed the QT wallet and it has taken 3 hours to go from 2 years and 30 weeks behind to 2 years and 27 weeks behind. At this rate it should take a little over 5 days to sync. Is this right?

[ptcgroup10009]

I have installed the QT wallet and it has taken 3 hours to go from 2 years and 30 weeks behind to 2 years and 27 weeks behind. At this rate it should take a little over 5 days to sync. Is this right?

Download the blockchain from the website http://bitbay.market/downloads/

Here the link http://www.davtonia.com/bitbay/bitbaybootstrap.zip or you can go directly to the page its much faster if you do it like this and sync after you download the bootstrap .

[HVCC]

I have installed the QT wallet and it has taken 3 hours to go from 2 years and 30 weeks behind to 2 years and 27 weeks behind. At this rate it should take a little over 5 days to sync. Is this right?

Download the blockchain from the website http://bitbay.market/downloads/

Here the link http://www.davtonia.com/bitbay/bitbaybootstrap.zip or you can go directly to the page its much faster if you do it like this and sync after you download the bootstrap .

Keep in mind that the bootstrap at the current time does not work on Macs for some reason.

[cryptohunter]

Is there an ETA on the API ?

Also is there anything like masternodes or tiered POS rates on the horizon?
Anything to inspire accumulation and holding?

[dzimbeck]

Is there an ETA on the API ?

Also is there anything like masternodes or tiered POS rates on the horizon?
Anything to inspire accumulation and holding?

I could release the API early but with the obfuscated code it requires me to change function names that we want to use back and make a documentation. I was saving that for last. Roadmap is on the OP.

The next update is freezing and exotic spending and price tracking on custom orders and then the fork shortly after.

I really don't believe in masternodes. I think our rolling peg is more than enough competition for frozen funds. The POS rate as you all voted on
will go up soon. And when we do the peg it may have to be variable although it might not be in the first iteration.

If people want to freeze their own funds that i suppose could encourage hoarding if we ran a promo for it. But most likely not. Its just a feature for all the cool ways we can use locktimes.

[toknormal]

Bay consolidating a new floor at 1000 Sats against BTC.

Short term ranges turning positive and bullish again (4-Hour & 6-Hour momentum histograms).

[toknormal]

Bay growth big picture.

1 Day slow/fast moving average crossovers. Note volume coming in on crossovers & points of maximum divergence. i.e. going up on massive volume, correcting & consolidating on small volume.

Conclusion: Bay traders are buying and hodling. Bigly.

[Zimtente]

Bay consolidating a new floor at 1000 Sats against BTC.

Short term ranges turning positive and bullish again (4-Hour & 6-Hour momentum histograms).

thanks for your analysis!

[Elkmar]

Bay consolidating a new floor at 1000 Sats against BTC.

Short term ranges turning positive and bullish again (4-Hour & 6-Hour momentum histograms).

Same pattern for a lot of cryptos out there, be ready, it is the entire market that will go up again.

[toknormal]

Same pattern for a lot of cryptos out there, be ready, it is the entire market that will go up again.

Indeed. But low cap assets with strong fundamentals have more to gain than high cap ones with fundamentals already priced in.

In that regard Ether is probably the most overpriced banana skin in existence. Meanwhile Bitbay has at least 3 speculative aspects not priced in plus one commercial one:

1. moving all current trading features into full production level
2. listing on mainstream exchanges such as Polo
3. implementation of exchange rate pegging to support stable valued goods trades

On top of that we have a potential....

4. actual growth of a new decentralised bidding market facilitated by the Bitbay network. (Decentralised eBay = unlimited valuation potential)

[kraterion]

Same pattern for a lot of cryptos out there, be ready, it is the entire market that will go up again.

Indeed. But low cap assets with strong fundamentals have more to gain than high cap ones with fundamentals already priced in.

In that regard Ether is probably the most overpriced banana skin in existence. Meanwhile Bitbay has at least 3 speculative aspects not priced in plus one commercial one:

1. moving all current trading features into full production level
2. listing on mainstream exchanges such as Polo
3. implementation of exchange rate pegging to support stable valued goods trades

On top of that we have a potential....

4. actual growth of a new decentralised bidding market facilitated by the Bitbay network

if some coins that offer nothing are skyrocketing right now I don't see why an actual working product like bitbay can't go up. Also small increases overtime are healthier

[cryptohunter]

Is there an ETA on the API ?

Also is there anything like masternodes or tiered POS rates on the horizon?
Anything to inspire accumulation and holding?

I could release the API early but with the obfuscated code it requires me to change function names that we want to use back and make a documentation. I was saving that for last. Roadmap is on the OP.

The next update is freezing and exotic spending and price tracking on custom orders and then the fork shortly after.

I really don't believe in masternodes. I think our rolling peg is more than enough competition for frozen funds. The POS rate as you all voted on
will go up soon. And when we do the peg it may have to be variable although it might not be in the first iteration.

If people want to freeze their own funds that i suppose could encourage hoarding if we ran a promo for it. But most likely not. Its just a feature for all the cool ways we can use locktimes.

i see, okay that makes sense.

if the marketplace usage started to pick up over time that would actually see a huge amount of coins locked into the contracts from either side

what happens to coins locked into broken contracts are they lost forever? or what actually happens to them? im sure i must have know this once but it seems to have gone out of my head and that question is rattling around in there.

[dzimbeck]

Is there an ETA on the API ?

Also is there anything like masternodes or tiered POS rates on the horizon?
Anything to inspire accumulation and holding?

I could release the API early but with the obfuscated code it requires me to change function names that we want to use back and make a documentation. I was saving that for last. Roadmap is on the OP.

The next update is freezing and exotic spending and price tracking on custom orders and then the fork shortly after.

I really don't believe in masternodes. I think our rolling peg is more than enough competition for frozen funds. The POS rate as you all voted on
will go up soon. And when we do the peg it may have to be variable although it might not be in the first iteration.

If people want to freeze their own funds that i suppose could encourage hoarding if we ran a promo for it. But most likely not. Its just a feature for all the cool ways we can use locktimes.

i see, okay that makes sense.

if the marketplace usage started to pick up over time that would actually see a huge amount of coins locked into the contracts from either side

what happens to coins locked into broken contracts are they lost forever? or what actually happens to them? im sure i must have know this once but it seems to have gone out of my head and that question is rattling around in there.

They go to "BitcoinEaterAdios" the address is a burn address.

print str(hash_to_address("85","Bitcoineateradios")) #This is the way to generate the burn address for BitBay

Indeed they would be lost forever.

[R-J-F]

Any known issues with the client and OpenSSL? Tried to install the client but won't let me past OpenSSl warning. OpenSSL is installed...

[cr197]

Any known issues with the client and OpenSSL? Tried to install the client but won't let me past OpenSSl warning. OpenSSL is installed...

Odd.
I've heard of one other person who's come across that in reddit.

Try this link out. See if David's solutions help?
https://www.reddit.com/r/BitBay/comments/6gdq6c/bitbay_programs_dont_work/

[cryptohunter]

Is there an ETA on the API ?

Also is there anything like masternodes or tiered POS rates on the horizon?
Anything to inspire accumulation and holding?

I could release the API early but with the obfuscated code it requires me to change function names that we want to use back and make a documentation. I was saving that for last. Roadmap is on the OP.

The next update is freezing and exotic spending and price tracking on custom orders and then the fork shortly after.

I really don't believe in masternodes. I think our rolling peg is more than enough competition for frozen funds. The POS rate as you all voted on
will go up soon. And when we do the peg it may have to be variable although it might not be in the first iteration.

If people want to freeze their own funds that i suppose could encourage hoarding if we ran a promo for it. But most likely not. Its just a feature for all the cool ways we can use locktimes.

i see, okay that makes sense.

if the marketplace usage started to pick up over time that would actually see a huge amount of coins locked into the contracts from either side

what happens to coins locked into broken contracts are they lost forever? or what actually happens to them? im sure i must have know this once but it seems to have gone out of my head and that question is rattling around in there.

They go to "BitcoinEaterAdios" the address is a burn address.

print str(hash_to_address("85","Bitcoineateradios")) #This is the way to generate the burn address for BitBay

Indeed they would be lost forever.

ha cool i like that address name. thanks for answer

[Munti]

Another video commenting on BitBay price

https://youtu.be/1q0b9LFNhxo

[Mjollnir]

Another video commenting on BitBay price

https://youtu.be/1q0b9LFNhxo

Nice one. Still lots of potential in BitBay. So much running features already running and more on the horizon. It is still kinda overlooked. Altough the word is spreading that it is indeed a hidden gem. A fact based gem

[CrypThinkerton]

Hi guys I just registered in this forum because I'm really invested in BitBay and I think that it has potential.
Excuse me if I say something wrong here, I'm not fully aware of all the features that BitBay offers.

David I hope you read this:
I came here to discuss the "Double Deposit Escrow vs Regular  Escrow" subject. In my opinion both have weaknesses the weakness of Regular Escrow is that it has serious scalability issues. Think about hundreds of users selling something at the same time... will you really find enough trustworthy persons that are going to escrow a deal? Probably not.

Now I do think DDE solves the most part of these issues. Say Bob wants to buy a Pizza for 20$ from Lisa so both put in 20$ in a smart contract and Bob puts like 20% extra on top of that. It doesn't have to be double in my opinion what Bob has to put in.

I think that if you force Bob to put in 40$ you will not attract enough people.
Of course Bob has to put in more than the sell value so you protect the seller from getting trolled but as long as Bob is paying more than 100% of the sell value he isn't incentivized to do that.
Imo the added price bob should be in the 15%-30% range.

Say if Bob buys a Laptop for 2000$ I think its enough if he puts up 2250$ upfront.
If Bob receives the Laptop and he wants to troll the seller it would cost him 250$ to do so.