BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg

[LostLady]

whats road map for peg

[dzimbeck]

whats road map for peg

The roadmap is on the OP. Here is what is planned...

Next update:
Time locks, burn/notary, Freezing of coins (needed for the swap of frozen coins)
And the fork update to the staking reward

After that each template is released one by one Buy/Sell, Employ/Hire, Barter, Python templates

Then the API which should be easy since I am letting people use the interpreter.

Then finally the first demo client of the long awaited peg. Here we will be able to test the feel of it by simulating it on the client side.

Then the peg becomes hard coded for the mining rules and we build the API commands for the exchanges and talk to them about what they need.

[Munti]

Should I invest here?
I'm a newbie

Ask that question in the thread of any coin, and you will always get yes as an answer.

That said, I think BitBay is the best investment you can find in crypto. It has the most secure and advanced wallet you'll find in any coin. Lots of features that no other coin has. And it is extremly undervalued.

[wildbud]

Yes, there are two reasons nobody wants to use BitBay to buy/sell something:
1. Horrible UI.
2. No one in his right mind will download the blockchain or try to learn what's "bootstrap". I mean common people, byers, not crypto enthusiasts.

Totally agree, had horrible experience with this

[Piston Honda]

lol ouch...man, bitbay still going eh?  why bother.  i wish you luck though, but imo she's a goner (since awhile).

[dzimbeck]

Yes, there are two reasons nobody wants to use BitBay to buy/sell something:
1. Horrible UI.
2. No one in his right mind will download the blockchain or try to learn what's "bootstrap". I mean common people, byers, not crypto enthusiasts.

Totally agree, had horrible experience with this

You have to download Ethereum blockchain to user their service and it's like 100 times the size of ours. We had an issue with Mac sync that was fixed in the recent build.

As for the UI... calling it "horrible" doesn't really tell me anything. We have a wizard, help boxes, tons of things including tutorial videos, templates etc.

What does it need fancy graphics or something? Should it sing to you? I mean in reality people use microsoft word and it doesn't have 3d animations and cater to every graphical need.

There is a difference between UX and UI. Our markets use a table but that's needed for when you change from Sales to Coins for Cash for example or when you switch to auctions. Each category changes the feel of the markets and the columns on the table.

We can get around sync but at the cost of your security and the security of the blockchain. I'm not sure we need that liability. However, it is a good idea and it's considered something to tackle. In BitHalo I don't make users download the chain. The problem is altcoins don't have access to things like API requests for unspent transactions. On chainz they make you get an API key so we need our own block explorer which requires multiple servers so users can know there is know their inputs and values are accurate. This is peoples money we are talking about, it's not a trivial thing.

[dzimbeck]

lol ouch...man, bitbay still going eh?  why bother.  i wish you luck though, but imo she's a goner (since awhile).

Why bother? Because investors deserve the software they came for. It's not a goner if there is a 25-50 million dollar marketcap and 50k to 500k of daily organic volume. We don't fake volume like some of the other coins.

Also the software has the most features of anything else out there. This thing really works. Download it and see for yourself. Can you explain why it's not above Dogecoin? Dogecoin doesn't do anything. Why do so many honest projects fall below vaporware?

Anyways thanks for the good luck.

[Decentradical]

What Bitbay needs is a niche for it's marketplace. Like Facebook had Harvard community as a niche. A small, obtainable nucleus around which people can form and trade stuff.

Grey market products seems an obvious choice but that has it's own connotations. It could be much lower key, like the lending economy. Smart contract escrows could be used for lending stuff out to people in the neighbourhood. IE, 0% transaction, 100% collateral. That way people can confidently give out their gear knowing that they'll receive it back in perfect condition or be reimbursed. 

Think small, really small, put the bar all the way down and then you can start get that snowball rolling.   

[Preventative.Measures]

This thing really works. Download it and see for yourself.

Tried that.  It doesn't work.

 

Can you explain why it's not above Dogecoin? Dogecoin doesn't do anything. Why do so many honest projects fall below vaporware?

You can't clearly and succinctly explain the basic mechanics of your project to laypeople (potential investors) and you wonder why BAY is less than vaporware at this point?  Doge does one thing well...be retarded.  And it does that exceptionally well.

What does BAY do, exactly?  The answer is nothing.  You explained a few posts back how a basic transaction performs in BAY, and even that, the core of its functionality, needs substantial thought and revision, which you cannot see because you've assumed the fool's errand of attempting this whole project solo.

Anyways thanks for the good luck.

You'll need it if you're the sole dev and are wasting time on here getting defensive.  Go to a local college and recruit someone.  Do something.  It's obvious you can't finish this thing by yourself.  Hiring a bunch of internet flunkies to create an advertising video = waste of resources and waste of time when the project can't deliver on any of its stated goals.

[HVCC]

@preventative.Measures

I think you definitely have the wrong idea about what's going on with BitBay. If you're having technical issues with the client we'll gladly assist you, furthermore any specific feedback will allow for us to improve the client in the future.

As for saying an explainer video would be a waste of resources, I think you contradicted yourself when in your own post you admit to being confused as to "what BitBay does". A good explainer video would assist in the average person's understanding of what BAY is 

[dzimbeck]

What does BAY do, exactly?  The answer is nothing.

Hey so whenever a troll shows up, using a brand new account and says things that don't make sense just post the wall of features

http://www.bitbay.market/features

EDIT:
Judging from your earlier post history you claimed to be interested in BitBay...

"Taking an interest in this project.  I've familiarized myself with the client and things seem to work as they should" ~ Preventative.Measures

So why would you say that and a couple posts later say you downloaded it and it doesn't work. Why go from taking an interest to trolling? Sorry I didn't notice your comment history at first.

We have executed 1000s of contracts on this platform what are you even referring to?

Did you accept the Faucet contract with Craig? You asked me about the barrier to entry and I explained it to you.

You claim I'm getting defense however all I did was answer your questions in a cogent manner. I'm the coder okay and you claim I can't finish it alone. But do you realize we are almost done? You don't seem to realize there is very few blockchain coders in the world finding more coders isn't easy.

[Figatko]

Yes, there are two reasons nobody wants to use BitBay to buy/sell something:
1. Horrible UI.
2. No one in his right mind will download the blockchain or try to learn what's "bootstrap". I mean common people, byers, not crypto enthusiasts.

Totally agree, had horrible experience with this

You have to download Ethereum blockchain to user their service and it's like 100 times the size of ours. We had an issue with Mac sync that was fixed in the recent build.

As for the UI... calling it "horrible" doesn't really tell me anything. We have a wizard, help boxes, tons of things including tutorial videos, templates etc.

What does it need fancy graphics or something? Should it sing to you? I mean in reality people use microsoft word and it doesn't have 3d animations and cater to every graphical need.

There is a difference between UX and UI. Our markets use a table but that's needed for when you change from Sales to Coins for Cash for example or when you switch to auctions. Each category changes the feel of the markets and the columns on the table.

We can get around sync but at the cost of your security and the security of the blockchain. I'm not sure we need that liability. However, it is a good idea and it's considered something to tackle. In BitHalo I don't make users download the chain. The problem is altcoins don't have access to things like API requests for unspent transactions. On chainz they make you get an API key so we need our own block explorer which requires multiple servers so users can know there is know their inputs and values are accurate. This is peoples money we are talking about, it's not a trivial thing.

Yes I meant fancy graphics or something. People got used to just click and go to beautiful sites where they can find everything they want. But OK, they learn about BitBay and that it has some advantages, they bother to install the software and wow, waiting to syncronise for a pair of days and watching the poor graphic design.
These two things work together. It would be great if at least one was changed: having a lite client or fancy graphics or anything solving this.
Bitbay is ready for a long time to accept traders, wasn't it so a year ago? But still sometimes I look and see noone there or a pair of coin offers from some community member.

[dzimbeck]

Yes, there are two reasons nobody wants to use BitBay to buy/sell something:
1. Horrible UI.
2. No one in his right mind will download the blockchain or try to learn what's "bootstrap". I mean common people, byers, not crypto enthusiasts.

Totally agree, had horrible experience with this

You have to download Ethereum blockchain to user their service and it's like 100 times the size of ours. We had an issue with Mac sync that was fixed in the recent build.

As for the UI... calling it "horrible" doesn't really tell me anything. We have a wizard, help boxes, tons of things including tutorial videos, templates etc.

What does it need fancy graphics or something? Should it sing to you? I mean in reality people use microsoft word and it doesn't have 3d animations and cater to every graphical need.

There is a difference between UX and UI. Our markets use a table but that's needed for when you change from Sales to Coins for Cash for example or when you switch to auctions. Each category changes the feel of the markets and the columns on the table.

We can get around sync but at the cost of your security and the security of the blockchain. I'm not sure we need that liability. However, it is a good idea and it's considered something to tackle. In BitHalo I don't make users download the chain. The problem is altcoins don't have access to things like API requests for unspent transactions. On chainz they make you get an API key so we need our own block explorer which requires multiple servers so users can know there is know their inputs and values are accurate. This is peoples money we are talking about, it's not a trivial thing.

Yes I meant fancy graphics or something. People got used to just click and go to beautiful sites where they can find everything they want. But OK, they learn about BitBay and that it has some advantages, they bother to install the software and wow, waiting to syncronise for a pair of days and watching the poor graphic design.
These two things work together. It would be great if at least one was changed: having a lite client or fancy graphics or anything solving this.
Bitbay is ready for a long time to accept traders, wasn't it so a year ago? But still sometimes I look and see noone there or a pair of coin offers from some community member.

Okay well you are right. And those two things are on the list. We need fancy graphics, the market table itself can be given a great style. Forms and buttons can be given style. Font's and so much can be altered. I would need a graphics guy to work with our skin in order to do that.

Currently we have the background transparency which looks okay. There is a nice gradient on the menu and various other things so we at least have something to build on.

"Fast sync" is one of the first things on the list. Just realize it will have to be optional because users sacrifice security when trusting a block explorer. Also, if too many people do it, then security is reduced and the chain is easier to attack.

So in order to set that up we would need multiple online block explorers similar to electrum. The next update is exotic spend and the fork, after that is templates. So this is already in my notes.

[funsponge]

You'll need it if you're the sole dev and are wasting time on here getting defensive.  Go to a local college and recruit someone.

Bitbays developer team (2) is as large as Syscoins, Particl and Qtum just to name 3. I bet Doge dont have more than 2 guys also (if any)

David works on the market and has created more on his own in 3 years than what openBizzar have with a team of 15 and a budget of $20m.

[cryptohunter]

I think those choosing to use the full client should download the entire chain. The api will open bitbay up to the main stream when we have mobile apps and websites running on top of bitbays core

[theSC4RE]

What happened to you guys?  This used to be a big part of my portfolio but I got out about a month ago.  I'm not trying to be negative I am just curious is all.  Sounded like a project with big potential but you guys aren't even top 100 anymore 

[dzimbeck]

What happened to you guys?  This used to be a big part of my portfolio but I got out about a month ago.  I'm not trying to be negative I am just curious is all.  Sounded like a project with big potential but you guys aren't even top 100 anymore 

Ethereum cut in 2/3 and so did a bunch of other coins. Look at the 3-6 month chart. The altcoin market is still very bullish a lot of new money is coming into Bitcoin.

[cryptohunter]

What happened to you guys?  This used to be a big part of my portfolio but I got out about a month ago.  I'm not trying to be negative I am just curious is all.  Sounded like a project with big potential but you guys aren't even top 100 anymore 

Lot of scammy bullshit ico coins with fake volume and fake caps infesting the top 100.

I mean look at the top100 i hardly recognise any projects there.

Once people click on to the fact they have no solid development teams and their roadmaps are dreams and talk bullshit they will collapse.

I do think we need 2 things that we do not have

1. an incentive to accumulate and hold (could argue peg and roadmap are the reasons )
2. an easy way for other dev teams to build apps and websites for specialised services on top of bitbay core and a way for them to fund raise and issue their own tokens.


Even without number 2 if we complete our road map the project should be top10 minimum.

[Mr. Regi]

above post made by a bot by the looks of his post history.

Well you've got a point he comments on tons of different threads like a comment a day. Kinda odd. However,  I think he came by from Sys thread if you notice he posted there shortly after. It's really trivial and lame tbh. We didn't fud them I only responded to Sid's comment and now a few of them are upset. Just let it pass I guess. The funny thing is, I want them to be successful and stated a few times that no harm was intended and was only responding to things that were said about us that are untrue.

I think the best thing to do is if you are an investor of BitBay always remember to be respectful of other communities unless of course it is a trap coin. I prefer to be friendly with other devs to chat about crypto and theory and stuff... not to compete with them.

Oh well...

The race is always with ourselves. We never gauge our progress or skill in terms of what everyone else is doing.

That is why we pioneer ideas here.

Yes I saw it man, I think they fear you or something. Same with particl, I was there before but now that I know BitBay those cryptos just look like nothing to me.
This crypto is crazy imo, sure it's UI doesn' look nice but the features are crazy.

What amazes me too is the people accusing this coin of scam, while it's the just the whole opposite.
Your rolling peg for example could be used as an anti-scam measure, nobody could surprise dump the price once you have that.
This is going to revolutionize crypto man

[bamsterdam]

hello bitbay community  

my first post here I think. Been looking at the project for some time now have a small amount of bitbay and bought some more after reading the op. Still wondering if I should buy more but also still have lots of reading to do on the project.

I already saw lots of cool features that are working in the system. And when I see this from a technical view current prices make no sense. So what is going on? I get the feeling the budget for the project is not big? Is it via donations? Are there any plans for marketing? Cause this is a already working platform with all kind of features so why isnt it used? Why does so little people know about it? Bitbay should be more in the spotlight. Hype is a swear word to some but bitbay could use some I think. So many things overhyped but bitbay has something to show for no vaporware or just roadmaps.

The roadmap says that you are planning to make a mechanism the control the supply to meet demand in the future. For various reasons. Bit hard to understand, but if you are a trader or investor you dont want a stable price(maybe in the end). I get that as a seller or buyer you want the stability since they otherwise would have to sell every bitbay for bitcoin or something else. But here seems to be a contradiction ? traders wants volume and price swings and investors wants volume too because that attracts interest etc and price is more likely go higher in the end with ups and downs of course. So how will this work with this price stability mechanism?

Also is there any incentive why a higher price for bitbay would be needed if the platform would be more popular? Like you have with factom for example?

is it possible for someone that sells something and gets paid in bitbay to convert it to bitcoin? And sorry last lazy question why should people go for bitbays marketplace instead of openbazaar for example


also I also think that a nice lay out of the marketplace is important people are used to it and are expecting those things

thanks