BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg

[Mr. Regi]

there is simply no arguing against double deposits it simply makes perfect sense .. especially since it is variable and has a reputation system.
Like david says comparing to the fees you will be saving on ebay the odds simply stack up in the favour of dd. He has listed 10% that is nothing it if far greater than that on many purchases especially with the auto added international scam fees and other additions.

this is a waste of time all you need to do is study it and factor in that it is variable and has reputations system and the fees saved.... it just destroys ebays /paypals current model

even this though is not the main feature with bitbay for me.

the rolling peg and all the other possible usecases for bitbay core are huge.

the speed of development seems slow because david is not good at overselling his product like all other projects that almost have you believe they have these big plans ready to go when in reality they are not even 10% there and probably will never get to 50% ever.
However if david is actually still saying the peg, api and all other road map features will be done by end of year. This is still a huge leap past 99% of shit ico  dreams and talk bullshit worth 100's Millions.

I feel (could be wrong) we are still be pushed lower for those whales to accumulate more. This is good for me because I am kicking myself less for not buying more when it was sub 500 I am gradually stacking more.

I still feel a masternode or tiered pos system based on amount held and duration held is key. The peg will  null that I guess so have to just wait for that.

I can not wait for the day I see a huge green candle for bitbay it will be one of the most freaky REAL green candles we will ever see.

Double deposit is really THE shit, arbitrated escrow I find really silly and useless. Nobody except the 2 parties can know who's wrong. The double deposit simply makes stealing disappear, it prevents it.
I think it's really too bad this project didn't have a decent marketing seeing for how long it has been existing up till now, but at the same time I'm glad, because otherwise I would have never been able to buy it at such an undervalued price.

The idea of masternode or staking with duration integrated would be so awesome
Maybe you could also add that people with frozen coins receive even more, thus encouraging more holding and more freezing among buyers.

We don't need masternodes to keep coins away from the exchanges. The double deposit will do that job nicely once the market gains tracktion 

What do you mean by that?
How will double deposit help in that?

because it ties up a lot of coins in transactions.

but

tiered pos levels based upon amount held and duration held would be very attractive to investors.

it is probably quite difficult to implement else why would every pos coin not go for this? it encourages saving and accumulating and would require something huge to crash the market. If top level was attained by holding 5M for at least 1 year without spending  could be interesting

Of course the tiers would have to be well thought out.

However david assures me the peg is better still so guess we need to wait and see that in action. Sounds great.

there is simply no arguing against double deposits it simply makes perfect sense .. especially since it is variable and has a reputation system.
Like david says comparing to the fees you will be saving on ebay the odds simply stack up in the favour of dd. He has listed 10% that is nothing it if far greater than that on many purchases especially with the auto added international scam fees and other additions.

this is a waste of time all you need to do is study it and factor in that it is variable and has reputations system and the fees saved.... it just destroys ebays /paypals current model

even this though is not the main feature with bitbay for me.

the rolling peg and all the other possible usecases for bitbay core are huge.

the speed of development seems slow because david is not good at overselling his product like all other projects that almost have you believe they have these big plans ready to go when in reality they are not even 10% there and probably will never get to 50% ever.
However if david is actually still saying the peg, api and all other road map features will be done by end of year. This is still a huge leap past 99% of shit ico  dreams and talk bullshit worth 100's Millions.

I feel (could be wrong) we are still be pushed lower for those whales to accumulate more. This is good for me because I am kicking myself less for not buying more when it was sub 500 I am gradually stacking more.

I still feel a masternode or tiered pos system based on amount held and duration held is key. The peg will  null that I guess so have to just wait for that.

I can not wait for the day I see a huge green candle for bitbay it will be one of the most freaky REAL green candles we will ever see.

Double deposit is really THE shit, arbitrated escrow I find really silly and useless. Nobody except the 2 parties can know who's wrong. The double deposit simply makes stealing disappear, it prevents it.
I think it's really too bad this project didn't have a decent marketing seeing for how long it has been existing up till now, but at the same time I'm glad, because otherwise I would have never been able to buy it at such an undervalued price.

The idea of masternode or staking with duration integrated would be so awesome
Maybe you could also add that people with frozen coins receive even more, thus encouraging more holding and more freezing among buyers.

We don't need masternodes to keep coins away from the exchanges. The double deposit will do that job nicely once the market gains tracktion 

What do you mean by that?
How will double deposit help in that?

When you post a contract for something you want to sell, you also deposit. Say you are selling a $100 item. Then you deposit $100. How long does it take on average before an item is sold? 20 days? (Remember some items are never sold) Let's say 20 days for now. So that's 20 days that $100 are locked in deposit. Then someone buys it and puts up their $100 deposit. How long does it take to ship the item? 2-3 days domestic? Up to 30 days international? Lets say 10 days on average. And remember the sellers deposit is also locked up during shipping. So that's sellers $100 locked up for 30 days + buyers $100 locked up for 10 days. A total of $100 locked up for 40 days. That means an average turnover of $1000 a day in our market will create a demand for Bay in the value of $40 000. A ratio of 1 to 40!

Ok I see thanks guys

If David says rolling peg is even better then I can't wait

[theSC4RE]

hi bitbay devs, any news on the rolling peg?

Apparently the rolling peg is expected for Q4 2017, but as it is a piece of technology that is completely new and never made before, it's not 100% certain.

Well it needs to hurry up or something because its going nowhere but downhill

[Mr. Regi]

hi bitbay devs, any news on the rolling peg?

Apparently the rolling peg is expected for Q4 2017, but as it is a piece of technology that is completely new and never made before, it's not 100% certain.

Well it needs to hurry up or something because its going nowhere but downhill

The whole altmarket was going down man, in fiat the price hasn't changed that much.
I am going to buy some more, so it's good for me 

[Zimtente]

does this http://particl.io/ compare anyway to bitbay?

[lijoe408]

there is simply no arguing against double deposits it simply makes perfect sense .. especially since it is variable and has a reputation system.
Like david says comparing to the fees you will be saving on ebay the odds simply stack up in the favour of dd. He has listed 10% that is nothing it if far greater than that on many purchases especially with the auto added international scam fees and other additions.

this is a waste of time all you need to do is study it and factor in that it is variable and has reputations system and the fees saved.... it just destroys ebays /paypals current model

even this though is not the main feature with bitbay for me.

the rolling peg and all the other possible usecases for bitbay core are huge.

the speed of development seems slow because david is not good at overselling his product like all other projects that almost have you believe they have these big plans ready to go when in reality they are not even 10% there and probably will never get to 50% ever.
However if david is actually still saying the peg, api and all other road map features will be done by end of year. This is still a huge leap past 99% of shit ico  dreams and talk bullshit worth 100's Millions.

I feel (could be wrong) we are still be pushed lower for those whales to accumulate more. This is good for me because I am kicking myself less for not buying more when it was sub 500 I am gradually stacking more.

I still feel a masternode or tiered pos system based on amount held and duration held is key. The peg will  null that I guess so have to just wait for that.

I can not wait for the day I see a huge green candle for bitbay it will be one of the most freaky REAL green candles we will ever see.

Double deposit is really THE shit, arbitrated escrow I find really silly and useless. Nobody except the 2 parties can know who's wrong. The double deposit simply makes stealing disappear, it prevents it.
I think it's really too bad this project didn't have a decent marketing seeing for how long it has been existing up till now, but at the same time I'm glad, because otherwise I would have never been able to buy it at such an undervalued price.

The idea of masternode or staking with duration integrated would be so awesome
Maybe you could also add that people with frozen coins receive even more, thus encouraging more holding and more freezing among buyers.

We don't need masternodes to keep coins away from the exchanges. The double deposit will do that job nicely once the market gains tracktion 

That's way too hopeful. The marketplace would have to be used pretty actively.  You need money to bring it to that point.  Masternodes don't just lock up coins, a portion of the earnings can be funneled back into a dev/marketing fund.  There is definitely a need for that to speed things alone.  Maybe a system can be implemented where a masternode is required to create a private marketplace and receive a private key for that marketplace.  That requires that anyone who wants to create a marketplace to be vested into the platform and thus creates an incentive to maintain integrity.

[lijoe408]

does this http://particl.io/ compare anyway to bitbay?

Supposedly they are years behind bitbay in development.  I heard they tried to reverse engineer the bithalo technology that David developed before when they were Shadowcash, but ended up failing.  Whats sad is that none of that seems to matter as they're got active marketing and are 4-5x times bitbay's marketcap currently.

I think bitbay seriously needs a rebrand and a professional marketing firm like the one NEO used to catapult themselves.  After rolling peg this should seriously be given some consideration.  I just googled bitbay and the top 4 newsarticles were releases for bitbay.net.  This is seriously confusing to potential investors or anyone coming into the space.   

[Mr. Regi]

does this http://particl.io/ compare anyway to bitbay?

I analysed both of them and came to the conclusion BitBay is far superior.
Did my research, particl devs have a scam history apparently+they took the thing I liked most about them, the MAD, from BitBays DDE+they are on testnet and still not complete while BitBay has practically everything+BitBay has rolling peg

[HVCC]

interesting to see this exchange took the name and a very close resemblance to the logo also same shade color. Could get some free traffic from this article on coindesk https://news.bitcoin.com/bitbay-exchange-enters-indian-cryptocurrency-markets/

Lol we're getting quite a bit of free traffic from it tbh

[cryptohunter]

interesting to see this exchange took the name and a very close resemblance to the logo also same shade color. Could get some free traffic from this article on coindesk https://news.bitcoin.com/bitbay-exchange-enters-indian-cryptocurrency-markets/

Lol we're getting quite a bit of free traffic from it tbh

not all bad then it seems

[stupid_seb]

Hi guys,
I am a BAY hodler, and I see that the currency is quite under pressure since a couple weeks.

Any idea? A roadmap to come?

I believe that the tech is awesome, but sadly the market does not push for BitBay

Thanks!!

[jjacob]

does this http://particl.io/ compare anyway to bitbay?

Supposedly they are years behind bitbay in development.  I heard they tried to reverse engineer the bithalo technology that David developed before when they were Shadowcash, but ended up failing.  Whats sad is that none of that seems to matter as they're got active marketing and are 4-5x times bitbay's marketcap currently.

I think bitbay seriously needs a rebrand and a professional marketing firm like the one NEO used to catapult themselves.  After rolling peg this should seriously be given some consideration.  I just googled bitbay and the top 4 newsarticles were releases for bitbay.net.  This is seriously confusing to potential investors or anyone coming into the space.   

It is unfortunate that the bells and whistles and all these marketing gimmicks seem to be enough to convince people. Newer cryptocurrencies with far less potential compared to Bitbay have high valuations.

[cryptosun]

Hi guys,
I am a BAY hodler, and I see that the currency is quite under pressure since a couple weeks.

Any idea? A roadmap to come?

I believe that the tech is awesome, but sadly the market does not push for BitBay

Thanks!!

Its just a matter of time Bay has just launched a exchange in India, and they have great team and I have bought 2 btc worth bay now its time to buy price can easily be pushed to 1000, though they need good marketing team this project has a great future.

[cryptosun]

does this http://particl.io/ compare anyway to bitbay?

Supposedly they are years behind bitbay in development.  I heard they tried to reverse engineer the bithalo technology that David developed before when they were Shadowcash, but ended up failing.  Whats sad is that none of that seems to matter as they're got active marketing and are 4-5x times bitbay's marketcap currently.

I think bitbay seriously needs a rebrand and a professional marketing firm like the one NEO used to catapult themselves.  After rolling peg this should seriously be given some consideration.  I just googled bitbay and the top 4 newsarticles were releases for bitbay.net.  This is seriously confusing to potential investors or anyone coming into the space.   

It is unfortunate that the bells and whistles and all these marketing gimmicks seem to be enough to convince people. Newer cryptocurrencies with far less potential compared to Bitbay have high valuations.

But once when people know about it which is enough soon gonna happen we will be sky rocketting

[stupid_seb]

Hi guys,
I am a BAY hodler, and I see that the currency is quite under pressure since a couple weeks.

Any idea? A roadmap to come?

I believe that the tech is awesome, but sadly the market does not push for BitBay

Thanks!!

Its just a matter of time Bay has just launched a exchange in India, and they have great team and I have bought 2 btc worth bay now its time to buy price can easily be pushed to 1000, though they need good marketing team this project has a great future.

Can you detail this exchange ? the team. Some facts appreciated!
thanks!

[dzimbeck]

Hi guys,
I am a BAY hodler, and I see that the currency is quite under pressure since a couple weeks.

Any idea? A roadmap to come?

I believe that the tech is awesome, but sadly the market does not push for BitBay

Thanks!!

Its just a matter of time Bay has just launched a exchange in India, and they have great team and I have bought 2 btc worth bay now its time to buy price can easily be pushed to 1000, though they need good marketing team this project has a great future.

Can you detail this exchange ? the team. Some facts appreciated!
thanks!

He is confusing the BitBay exchange with the coin.

Anyways the roadmap and details is on the OP. You have to realize that this software already exists, we aren't like the other projects who promise non-existent features. Download the markets client and see for yourself. It's been running for years. Unbreakable contracts decentralized markets etc.

[Zimtente]

does this http://particl.io/ compare anyway to bitbay?

I analysed both of them and came to the conclusion BitBay is far superior.
Did my research, particl devs have a scam history apparently+they took the thing I liked most about them, the MAD, from BitBays DDE+they are on testnet and still not complete while BitBay has practically everything+BitBay has rolling peg

ok thanks. hmmm hope bay will get the love it deserves ;-) is there any statistics how much turnover the bay makes?

[cryptosun]

Hi guys,
I am a BAY hodler, and I see that the currency is quite under pressure since a couple weeks.

Any idea? A roadmap to come?

I believe that the tech is awesome, but sadly the market does not push for BitBay

Thanks!!

Its just a matter of time Bay has just launched a exchange in India, and they have great team and I have bought 2 btc worth bay now its time to buy price can easily be pushed to 1000, though they need good marketing team this project has a great future.

Can you detail this exchange ? the team. Some facts appreciated!
thanks!

check out here buddy
https://news.bitcoin.com/bitbay-exchange-enters-indian-cryptocurrency-markets/

[Devilcheg]

This coin support pos mining?
What percentage per year?
support masternode ?

[cryptohunter]

someone just bought 2btc worth on the basis of bitbay exchange going to india.

as I said it's not all bad having and exchange using our name

imagine if we launched our own website/app based exchange later too running on top of bitbay core
fee's going back to development

although yes this drop to 400 is strange didn't see it getting pushed this far down.

we still dont seem to have the idea with playing the crypto game...

the move to slack is a bad idea new crypto investors arrive here on this forum this thread is pretty dead and they just end up going with other projects.

[lijoe408]

Hi guys,
I am a BAY hodler, and I see that the currency is quite under pressure since a couple weeks.

Any idea? A roadmap to come?

I believe that the tech is awesome, but sadly the market does not push for BitBay

Thanks!!

Its just a matter of time Bay has just launched a exchange in India, and they have great team and I have bought 2 btc worth bay now its time to buy price can easily be pushed to 1000, though they need good marketing team this project has a great future.

This is precisely why the project should consider a rebrand when redoing the UI down the line.  If senior BCTalk members are getting confused just imagine what it's doing to newbies.  Fighting them for traffic and SEO is not a wise option, they are a business with centralized funds.  It's not a battle that Bay can win atm.