BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg

[shaydinblue]

OEx... my mistake...

[shaydinblue]

Seems like the crypto-space is in desperate need of the dynamic peg:

https://www.bloomberg.com/news/articles/2019-04-25/bitfinex-operator-accused-by-new-york-of-850-million-coverup?srnd=cryptocurrencies

[BitBayDoc]

Don't forget this everyone!  
https://beta.bitbay.market/market
It's coming along nicely... Let's keep filling 'er up.

Also, testing on the peg continues rolling along smoothly.

[BitBayDoc]

I for one am really getting sick and tired of watching all the other coins that are not 1/10th of what we are, blowing us out of the water.

I personally think the primary cause is name confusion - nobody knows who we are, look at our volume.
Everybody I talk to thinks we are the Polish exchange. It's very frustrating and has been like this for years... Years.
One of these days, if things don't change soon - the competition will eventually catch up.

Our fantastic name is killing us. 

David has another fantastic name - BitHalo.
We could do a 1 to 1 hard fork and leave all the "Bay" Exchange confusion behind.

[dzimbeck]

I for one am really getting sick and tired of watching all the other coins that are not 1/10th of what we are, blowing us out of the water.

I personally think the primary cause is name confusion - nobody knows who we are, look at our volume.
Everybody I talk to thinks we are the Polish exchange. It's very frustrating and has been like this for years... Years.
One of these days, if things don't change soon - the competition will eventually catch up.

Our fantastic name is killing us. 

David has another fantastic name - BitHalo.
We could do a 1 to 1 hard fork and leave all the "Bay" Exchange confusion behind.

Considering that we have to negotiate with exchanges for the peg, our team is dedicated to doing that right now. We will need a lot of funds to properly negotiate and dedication of most of the team to complete that final step. Once we see the exchanges with their pair looking like dynamicpeg.com then brand changes can be calculated. Because a rebrand will cost 5 figures easily, maybe 6 done nicely.

With the BitBay name, we have proven spiritually that we were able to take the project from being sabotaged to a few hundred grand marketcap up to a half a billion dollars and now down to 7-10 million respectively. So many people made money or at least had the opportunity to cash some of them up thousands of times from the bottom thank goodness. So a rebrand is okay since we have proved our point. However, I assure you that this price drop has absolutely nothing to do with branding and it has to do with the bear market and our core investors already positioned as well as potential market manipulation across the exchanges. Of course there is also stonewalling and foolishness through the industry as a whole. People aren't yet looking at what blockchain can do and instead still gambling on it. This is why the peg is a core feature meant to fix that problem. And all the code is done there is just final touches and negotiation left to do. Be patient.

BitBay name might have other issues besides the exchange and I'm not sure if it's conducive to a physical currency... examples like "euro", "dollar", "peso" are more currency sounding. As far as names I've looked over lists of other names and BitHalo is one of the best. It's also the project that started everything so it certainly has the history and worth to back it up. Although as usual we are fine to chat about other names as well. For now though it's not the priority.

[shaydinblue]

Bitbay is on the cusp of doing some great things. I really interested to see how the dynamic peg is received once is goes live on an exchange (ideally a few exchanges). But what really made me double down on my Bitbay position recently was the demo version of the web market. As someone who regularly uses an online selling platform (Esty) I was very impressed with the web market and the features it currently has. It's not too far off from being on par with Etsy or Ebay and I assume it will only get better with time. I think the web market has a lot of potential and could be the thing that draws the masses to Bitbay... Good things come to those who wait...

[cr197]

Can't wait to tap into the share economy. With BitBay trustless contracts we can create a decentralized share economy platform - for all share economies, not just Uber and Lyft!
Imagine an Uber platform where drivers make all the profit!!


https://www.sfchronicle.com/business/article/Uber-protests-in-SF-What-you-need-to-know-what-13829342.php

[shaydinblue]

@dzimbeck - Question for you?? I own and operate a small screen printing company. I was wondering if I first got permission to print some Bitbay shirts to sell on the market, is there is a way to allot a portion of the sale to Bitbay automatically to help further development or what not (maybe through a smart contract). Would this be welcome? Is this possible and is there some sort of a tutorial or something that would explain to me how to implement this? Just curious, but if it is possible and I have a green light, I would love to run with this idea? Please let me know you thoughts?

[BitBayDoc]

Yes, the BitBay Marketplace should be a huge draw...

The idea to "create a decentralized shared economy platform" for like Uber and Lyft using our contracts would be huge - Bay is ready to do that.

@shaydinblue - This is a community project, feel free to print some BitBay shirts to sell on the Marketplace!  Great Idea!!
If you want to donate from any proceeds - there is a donation button on the top of the Marketplace Client after you receive your payment.
You can also donate your Staking coins to whomever you like, again, using a feature already in place in the Market Client.

[BOoOBa]

Great ! It seems that bitbay will position itself as the decentralized "Ebay" in crypto mode! it's very interesting!!

Do you know if other exchanges place are planned after Bittrex Upbit and LiteBit.eu ?

[BitBayDoc]

@BOoOBa - Yes, the BAY community is waiting for OEX.com to fulfill their commitment to be listed with their very important exchange.
Let's hope they are honorable and do it. I've been hearing about it for a few months now, with launch dates kept being pushed back.

[dzimbeck]

Great ! It seems that bitbay will position itself as the decentralized "Ebay" in crypto mode! it's very interesting!!

Do you know if other exchanges place are planned after Bittrex Upbit and LiteBit.eu ?

The most important thing we have to do now is get exchanges to add our peg code since trade balances will fluctuate as supply does. Some exchanges have already taken an interest and all we need is one to start kicking some tail.

[dzimbeck]

@dzimbeck - Question for you?? I own and operate a small screen printing company. I was wondering if I first got permission to print some Bitbay shirts to sell on the market, is there is a way to allot a portion of the sale to Bitbay automatically to help further development or what not (maybe through a smart contract). Would this be welcome? Is this possible and is there some sort of a tutorial or something that would explain to me how to implement this? Just curious, but if it is possible and I have a green light, I would love to run with this idea? Please let me know you thoughts?

Hi there, absolutely! We are always happy if a merchant gives back. There is a donate option in the client actually. We would not need a smart contract for a kind gesture. If anything we would hope you can sell your shirts and be successful as that helps the market move. If you get on slack or discord or even here on bitcointalk, there are many community members who would love to walk through contracts with you either on the client or web marketplace just to run some tests. The best part about being decentralized is you don't need anyone's permission! We hope this platform and it's users see that this is truly 2 party peer to peer escrow. We don't take fees, we don't have servers, we just want to see users and want to see them protected from fraud and escrow scams. My goal ever since 5 years ago was to popularize unbreakable contracts aka double deposit escrow. That's what brought me into Bitcoin and that's what made me stay.

 

[Blockchain Mechanic]

Hi,

Just a suggestion. Please put clearly marked links to your source code. I had trouble finding it with a cursory look. Currently trying to compile and sync.

[dzimbeck]

Hi,

Just a suggestion. Please put clearly marked links to your source code. I had trouble finding it with a cursory look. Currently trying to compile and sync.

Thanks will get a direct link on the site

Hi there, is this for the Markets client or QT? Both are at my github. github.com/dzimbeck

The markets client (which contains all peg logic in Python) is also there in the Halo github with Bitmessage. It has a link to the obfuscated source code and so does our main site bitbay.market

[Blockchain Mechanic]

Hi,

Just a suggestion. Please put clearly marked links to your source code. I had trouble finding it with a cursory look. Currently trying to compile and sync.

Thanks will get a direct link on the site

Hi there, is this for the Markets client or QT? Both are at my github. github.com/dzimbeck

The markets client (which contains all peg logic in Python) is also there in the Halo github with Bitmessage. It has a link to the obfuscated source code and so does our main site bitbay.market

This is for my project. :- https://bitcointalk.org/index.php?topic=5141975.0

I intend to add support for all actively used and developed coins/assets.

[BitBayDoc]

Glad to see the cryptos in a bit of a Bull run.

Newbies: Find a coin out there that has more features than BAY. You can't...
https://bitbay.market/wall-of-features

Also - Check out a real cool video that explains a lot of the theory behind the upcoming Dynamic Peg:
https://bitbay.market/decentralized-marketplace

What is BAY?
BitBay is a suite of free-to-use, multi-platform applications including the world’s first fully-functional Decentralized Marketplace.

Powered by Unbreakable Smart Contracts and a Proof of Stake 3.0 cryptocurrency, BitBay enables you to buy and sell goods and services securely and anonymously, without the need for middlemen.

BE FREE

[dzimbeck]

Hi,

Just a suggestion. Please put clearly marked links to your source code. I had trouble finding it with a cursory look. Currently trying to compile and sync.

Thanks will get a direct link on the site

Hi there, is this for the Markets client or QT? Both are at my github. github.com/dzimbeck

The markets client (which contains all peg logic in Python) is also there in the Halo github with Bitmessage. It has a link to the obfuscated source code and so does our main site bitbay.market

This is for my project. :- https://bitcointalk.org/index.php?topic=5141975.0

I intend to add support for all actively used and developed coins/assets.

I see, your project looks pretty ambitious. Well if all of it is going to be open source then I can recommend how you would go about doing decentralized "servers" because we have a design for it that is pretty bullet proof. The cool thing about crypto is almost everything can be client side other than the database where data that doesn't belong on the blockchain is stored. (although it can be hashed on the blockchain at predefined intervals if you want to keep it's integrity)

Also it's probably a good idea to make everything web based(except of course your full nodes). This is something I've learned over the past 5 years of development that end users won't really appreciate what's under the hood. They just want a viable product (even when something as serious as their own security is concerned)

[dzimbeck]

Glad to see the cryptos in a bit of a Bull run.

Newbies: Find a coin out there that has more features than BAY. You can't...
https://bitbay.market/wall-of-features

Also - Check out a real cool video that explains a lot of the theory behind the upcoming Dynamic Peg:
https://bitbay.market/decentralized-marketplace

BE FREE

We will get there Doc! One way or another buddy. All that is left now is to get this peg up on a couple exchanges with decent volume and it's game over! Or is it just the beginning? 

[cr197]

Hey guys we are making good progress with peg documentation.

The new QT GUI guide is coming along just find.
Still a couple more hours of work to get everything I want on it - including some "How To's"

We'll get it all formalized when we finish. But for now if you are interested in checking out the new QT GUI.

https://docs.google.com/document/d/1g25erk3zt5ZVzGYYwe74Zp1gw4nfgxJTWjMIvqzhwgs/edit?usp=sharing