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crd007
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April 21, 2018, 06:37:40 AM |
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Staking is so damn unprofitable for this coin ...
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fabi90
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April 21, 2018, 10:09:45 AM |
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Someone on reddit asked about money raised and Token distribution at ICO.
This is the answer :
"All of the tokens were distributed. Roughly 1 billion. They claimed to raise 3000 Bitcoins when in reality it was closer to 1000 which at the time was roughly a half a million dollars. That was split among 5 people including myself and I'm the only one that stayed on the project afterwards. This took place at the end of 2014 more than 3 years ago."
So 4 of 5 devs disappeared?
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Assassin1412
Member
 Offline
Activity: 105
Merit: 10
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April 21, 2018, 11:33:54 AM |
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Someone on reddit asked about money raised and Token distribution at ICO.
This is the answer :
"All of the tokens were distributed. Roughly 1 billion. They claimed to raise 3000 Bitcoins when in reality it was closer to 1000 which at the time was roughly a half a million dollars. That was split among 5 people including myself and I'm the only one that stayed on the project afterwards. This took place at the end of 2014 more than 3 years ago."
So 4 of 5 devs disappeared?
I believed Bay got new members to their team along the road. It's shame that not everyone stayed but it doesn't keep BAY from growing each day. This year it's going to be great  |
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R-J-F
Sr. Member
Offline
Activity: 1078
Merit: 310
AKA RJF - Member since '13
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April 21, 2018, 03:50:51 PM |
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Someone on reddit asked about money raised and Token distribution at ICO.
This is the answer :
"All of the tokens were distributed. Roughly 1 billion. They claimed to raise 3000 Bitcoins when in reality it was closer to 1000 which at the time was roughly a half a million dollars. That was split among 5 people including myself and I'm the only one that stayed on the project afterwards. This took place at the end of 2014 more than 3 years ago."
So 4 of 5 devs disappeared?
There was only one "Dev" David Zimbeck. The rest turned out to be con men and thieves. David took over the coin after the others jumped ship with their profits. He alone continued to build, perfect and market the coin as other believers and investors slowly got on board to help out. Bay now has quite a solid team with David still in the lead. |
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." Ben Franklin
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Asimmo
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April 22, 2018, 07:17:44 AM |
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Someone on reddit asked about money raised and Token distribution at ICO.
This is the answer :
"All of the tokens were distributed. Roughly 1 billion. They claimed to raise 3000 Bitcoins when in reality it was closer to 1000 which at the time was roughly a half a million dollars. That was split among 5 people including myself and I'm the only one that stayed on the project afterwards. This took place at the end of 2014 more than 3 years ago."
So 4 of 5 devs disappeared?
Not surprise.. It`s common event in crypto.. Those unrealised fat ITs earning huge money in 2-3 months in crypto and leave everything, going to Thailand, to taste women..  That`s why team is main factor in every project.. Glad we have overcome this failure.. |
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Figatko
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April 22, 2018, 08:20:27 AM |
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I cannot reach Myetherwallet site to take part in dropdown. Can I use some other ethereum wallet?
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legday
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April 22, 2018, 12:25:25 PM |
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I cannot reach Myetherwallet site to take part in dropdown. Can I use some other ethereum wallet?
What are you talking about? Bitbay is not Erc20 token. You can download bitbay wallet or use webwallet from here https://bitbay.market/ |
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Figatko
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April 22, 2018, 12:43:06 PM |
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I cannot reach Myetherwallet site to take part in dropdown. Can I use some other ethereum wallet?
What are you talking about? Bitbay is not Erc20 token. You can download bitbay wallet or use webwallet from here https://bitbay.market/I mean Opti airdrop for top 500 Bitbay users. Can I use other eth wallet? myetherwallet.com does not load on my computer. |
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Assassin1412
Member
Offline
Activity: 105
Merit: 10
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April 22, 2018, 04:59:55 PM |
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I cannot reach Myetherwallet site to take part in dropdown. Can I use some other ethereum wallet?
What are you talking about? Bitbay is not Erc20 token. You can download bitbay wallet or use webwallet from here https://bitbay.market/I mean Opti airdrop for top 500 Bitbay users. Can I use other eth wallet? myetherwallet.com does not load on my computer. Maybe you should contact Optitoken team for the best answer |
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Assassin1412
Member
Offline
Activity: 105
Merit: 10
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April 22, 2018, 11:21:37 PM |
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Another milestone on the roadmap. Bitbay team keep delivering what they said With more news coming this month and then Airdrop on 1st May, we can expect huge bullish move coming It is worth the airdrop. But I am afraid if the snapshot has been done the price will drop dramatically. Like the nxt incident yesterday. Will it happen again  nxt, they released something totally new as ardor and people called it nxt 2.0. So it's like they're moving most of their work to the new platform but still there are some benefits of using nxt. I don't think this airdrop will have same effect as nxt, bitbay still is bitbay, still strong foundations and keep hitting roadmap time to time How to know you have reached the top 500 people? Rich List > click show top 100 > scroll down and click to show top 500. You should find your wallet address there  Enjoy the airdrop |
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dzimbeck
Legendary
Offline
Activity: 2412
Merit: 1044
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April 23, 2018, 12:16:51 AM |
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Staking is so damn unprofitable for this coin ...
High inflation is not profitable either. The gains on staking must be realistic and not put downward pressure on the market. Currently with the staking weight users actually gain closer to 2% which is pretty decent. |
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dzimbeck
Legendary
Offline
Activity: 2412
Merit: 1044
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April 23, 2018, 12:20:34 AM |
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Someone on reddit asked about money raised and Token distribution at ICO.
This is the answer :
"All of the tokens were distributed. Roughly 1 billion. They claimed to raise 3000 Bitcoins when in reality it was closer to 1000 which at the time was roughly a half a million dollars. That was split among 5 people including myself and I'm the only one that stayed on the project afterwards. This took place at the end of 2014 more than 3 years ago."
So 4 of 5 devs disappeared?
Not surprise.. It`s common event in crypto.. Those unrealised fat ITs earning huge money in 2-3 months in crypto and leave everything, going to Thailand, to taste women.. That`s why team is main factor in every project.. Glad we have overcome this failure.. The question was asked on Reddit and I do believe in always giving a straightforward answer. Because indeed not enough funds were available for our initial growth although luckily things have expanded on their own. Yeah this is a story for the history books. We have come so far since then and have met deadlines and have been the first to release new features such as the decentralized markets which were a year before OpenBazaar. So the current team is extremely good and meeting our timeline. It definitely doesn't feel lonely anymore. The team has grown a lot since then. https://bitbay.market/the-team |
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Assassin1412
Member
Offline
Activity: 105
Merit: 10
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April 23, 2018, 03:49:53 AM |
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Someone on reddit asked about money raised and Token distribution at ICO.
This is the answer :
"All of the tokens were distributed. Roughly 1 billion. They claimed to raise 3000 Bitcoins when in reality it was closer to 1000 which at the time was roughly a half a million dollars. That was split among 5 people including myself and I'm the only one that stayed on the project afterwards. This took place at the end of 2014 more than 3 years ago."
So 4 of 5 devs disappeared?
Not surprise.. It`s common event in crypto.. Those unrealised fat ITs earning huge money in 2-3 months in crypto and leave everything, going to Thailand, to taste women.. That`s why team is main factor in every project.. Glad we have overcome this failure.. The question was asked on Reddit and I do believe in always giving a straightforward answer. Because indeed not enough funds were available for our initial growth although luckily things have expanded on their own. Yeah this is a story for the history books. We have come so far since then and have met deadlines and have been the first to release new features such as the decentralized markets which were a year before OpenBazaar. So the current team is extremely good and meeting our timeline. It definitely doesn't feel lonely anymore. The team has grown a lot since then. https://bitbay.market/the-teamBeautiful story indeed. Best Wishes for Bay future |
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Assassin1412
Member
Offline
Activity: 105
Merit: 10
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April 23, 2018, 08:57:59 AM |
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dzimbeck
Legendary
Offline
Activity: 2412
Merit: 1044
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April 23, 2018, 09:47:34 AM |
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An important correction, it's nice to see all the volume recovering.  |
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Figatko
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April 23, 2018, 12:49:02 PM |
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Okay so this post is going to be a bit casual but I will forward it to Sean so they can make a nice tutorial with some screenshots.
If using Markets wallet:
Your account that qualifies should be the one you have open
Go to File->Sign/Verify
In the area to enter your message, paste your ETH address without any spaces or extra stuff
Then click sign
Choose one of your keys from the account you have open that qualifies
Then copy the signature and save it somewhere
Click sign again
Choose the second key from the account you have open that qualifies
Then copy the second signature and save it somewhere
Then close that window and go to the send tab
Click on advanced sending
Click on "Copy redeem script"
Then send an email to Optitoken
The contents should be your redeem script, your ETH address and BOTH of your signatures
Is it safe? And where exactly the "key from the account you have open that qualifies" located? Thank you! |
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yayat
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April 23, 2018, 05:19:22 PM |
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Hi everyone, I have a question regarding completing contracts. I would like to complete the BitBay faucet contract, and I am unsure regarding the "contract backup files". Should these files be kept secure/hidden? What is their purpose?
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Assassin1412
Member
Offline
Activity: 105
Merit: 10
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April 23, 2018, 10:52:55 PM |
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Come on Telegram guys, you should get quick help from there |
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tradersnow
Jr. Member
Offline
Activity: 90
Merit: 3
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April 24, 2018, 01:47:43 AM
Last edit: April 24, 2018, 11:02:21 AM by tradersnow |
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Hi everyone, I have a question regarding completing contracts. I would like to complete the BitBay faucet contract, and I am unsure regarding the "contract backup files". Should these files be kept secure/hidden? What is their purpose?
The contracts.dat file stores all of your transaction history, present contracts, and associated messages. If you have a large number of open contracts, or a large amount of money tied up a contract, it's a good idea to keep the updated file in a secure location until those transactions are complete. contractsbackup.dat is simply an up-to-date backup of contracts.dat. You can learn more about which files are important in video #7, below:https://forum.bitbay.market/t/video-tutorials/38#7---important-client-data-backup-files |
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