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Author Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg  (Read 541852 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (2 posts by 1+ user deleted.)
shaydinblue
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May 13, 2020, 03:34:58 AM
 #7441

pistonhonda deserves a lot of credit for his persistence, he's a trolling for the long haul...
"The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime." -- Satoshi
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May 15, 2020, 07:41:46 AM
 #7442

MY qt wallet is stuck at block 2591518, also tried a rescan but without any good result : anyone else or is it just me?

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BC.GAME
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..CASINO....SPORTS....RACING..
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LuckyLeprachaun
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Bitbay is the Future!!!


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May 15, 2020, 09:14:41 PM
 #7443

Withdrawals are working again on Latoken  Grin Grin Grin

Nighttrader invite code: 2PJbGxt95Dz7JKU2N8oudyAJ1Tzs
LuckyLeprachaun
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Bitbay is the Future!!!


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May 15, 2020, 09:16:04 PM
 #7444

MY qt wallet is stuck at block 2591518, also tried a rescan but without any good result : anyone else or is it just me?

My wallet works fine, I suggest you remove all the files in Bitbay except the wallet.dat and re-download it, should fix the issue.

Nighttrader invite code: 2PJbGxt95Dz7JKU2N8oudyAJ1Tzs
BitBayDoc
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May 20, 2020, 10:55:36 AM
 #7445

We are completely integrated back into CoinMarketCap and everything is running on all cylinders. Smiley

Thank you everyone on the BAY Team and at LA Token!

Wow - I can't wait for the Market Place to start generating users.
Once people all over the world realize what is here for FREE, the future will be a brighter one for all.

Cheers!

BitBaydev (OP)
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May 20, 2020, 01:09:49 PM
 #7446

The BitBay Advanced Web Wallet has now been updated to be compatible with the Dynamic Peg protocol.

You can now send, receive and store your BitBay (both BAYL and BAYR) at https://wallet.bitbay.market

BAYL and BAYR can also be traded on the LATOKEN exchange here:

https://latoken.com/exchange/BAY-BTC
and
https://latoken.com/exchange/BAYR-BTC

Thanks,
Shorn.

David Zimbeck Interview

BitBay Official Twitter: https://twitter.com/BitBayofficial
shaydinblue
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May 23, 2020, 05:49:08 AM
 #7447

Great job on the web wallet. The team continues to impress...
Asimmo
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May 27, 2020, 09:09:27 PM
 #7448

The BitBay Advanced Web Wallet has now been updated to be compatible with the Dynamic Peg protocol.

You can now send, receive and store your BitBay (both BAYL and BAYR) at https://wallet.bitbay.market

BAYL and BAYR can also be traded on the LATOKEN exchange here:

https://latoken.com/exchange/BAY-BTC
and
https://latoken.com/exchange/BAYR-BTC

Thanks,
Shorn.

Hi guys

What happens when I send Bitbay from desktop wallet to Latoken account.
1.  On which type of address will I receive it? Reserve or Liquid?
How to make sure receiving on Liquid address?

2. If received on Reserve address, can I send it to Liquid address on Latoken exchange itself?
dzimbeck
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May 28, 2020, 02:17:26 AM
 #7449

The BitBay Advanced Web Wallet has now been updated to be compatible with the Dynamic Peg protocol.

You can now send, receive and store your BitBay (both BAYL and BAYR) at https://wallet.bitbay.market

BAYL and BAYR can also be traded on the LATOKEN exchange here:

https://latoken.com/exchange/BAY-BTC
and
https://latoken.com/exchange/BAYR-BTC

Thanks,
Shorn.

Hi guys

What happens when I send Bitbay from desktop wallet to Latoken account.
1.  On which type of address will I receive it? Reserve or Liquid?
How to make sure receiving on Liquid address?

2. If received on Reserve address, can I send it to Liquid address on Latoken exchange itself?

Latoken might have different deposit addresses even though liquid/reserve coins are simply determined by peg index and could in theory be sent to the same one, just deposit where they ask you to when depositing one or the other.

And no, it's not possible to convert reserve to liquid in that way. That's why the peg works. The only time reserve becomes liquid or liquid becomes reserve is by a change in the supply of the system.
Asimmo
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May 28, 2020, 01:19:44 PM
 #7450

The BitBay Advanced Web Wallet has now been updated to be compatible with the Dynamic Peg protocol.

You can now send, receive and store your BitBay (both BAYL and BAYR) at https://wallet.bitbay.market

BAYL and BAYR can also be traded on the LATOKEN exchange here:

https://latoken.com/exchange/BAY-BTC
and
https://latoken.com/exchange/BAYR-BTC

Thanks,
Shorn.

Hi guys

What happens when I send Bitbay from desktop wallet to Latoken account.
1.  On which type of address will I receive it? Reserve or Liquid?
How to make sure receiving on Liquid address?

2. If received on Reserve address, can I send it to Liquid address on Latoken exchange itself?

Latoken might have different deposit addresses even though liquid/reserve coins are simply determined by peg index and could in theory be sent to the same one, just deposit where they ask you to when depositing one or the other.

Who asks in which address to deposit?  I`m sending coins from my desktop wallet to my Latoken address. (BTW, liquid and reserve have same addresses in Latoken).

How can I mention/instruct to send my coins from wallet to Latoken address, so that to make sure it`s received there on  liquid address?
dzimbeck
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May 28, 2020, 01:38:26 PM
 #7451

The BitBay Advanced Web Wallet has now been updated to be compatible with the Dynamic Peg protocol.

You can now send, receive and store your BitBay (both BAYL and BAYR) at https://wallet.bitbay.market

BAYL and BAYR can also be traded on the LATOKEN exchange here:

https://latoken.com/exchange/BAY-BTC
and
https://latoken.com/exchange/BAYR-BTC

Thanks,
Shorn.

Hi guys

What happens when I send Bitbay from desktop wallet to Latoken account.
1.  On which type of address will I receive it? Reserve or Liquid?
How to make sure receiving on Liquid address?

2. If received on Reserve address, can I send it to Liquid address on Latoken exchange itself?

Latoken might have different deposit addresses even though liquid/reserve coins are simply determined by peg index and could in theory be sent to the same one, just deposit where they ask you to when depositing one or the other.

Who asks in which address to deposit?  I`m sending coins from my desktop wallet to my Latoken address. (BTW, liquid and reserve have same addresses in Latoken).

How can I mention/instruct to send my coins from wallet to Latoken address, so that to make sure it`s received there on  liquid address?

When you send liquid coins to the address Latoken will register them as such. As you say its the same deposit address, should be fine.
DIGITAL-DEMON
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May 28, 2020, 03:41:39 PM
 #7452

We are completely integrated back into CoinMarketCap and everything is running on all cylinders. Smiley

Thank you everyone on the BAY Team and at LA Token!

Wow - I can't wait for the Market Place to start generating users.
Once people all over the world realize what is here for FREE, the future will be a brighter one for all.

Cheers!



Sorry BitBayDoc, I'm not entirely clear what you mean by your remark re Coinmarketcap.

Todays figures show that BAY has a cap of $227,215,574. This would give BAY a ranking of 39 on CMC.

Actual rank = 208.

Why the discrepancy, and what did you mean by 'completely integrated"?

Sorry if you think I'm being awkward or nit-picky but, honestly, I would just like to know.   Grin
Asimmo
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May 29, 2020, 07:21:52 AM
 #7453

The BitBay Advanced Web Wallet has now been updated to be compatible with the Dynamic Peg protocol.

You can now send, receive and store your BitBay (both BAYL and BAYR) at https://wallet.bitbay.market

BAYL and BAYR can also be traded on the LATOKEN exchange here:

https://latoken.com/exchange/BAY-BTC
and
https://latoken.com/exchange/BAYR-BTC

Thanks,
Shorn.

Hi guys

What happens when I send Bitbay from desktop wallet to Latoken account.
1.  On which type of address will I receive it? Reserve or Liquid?
How to make sure receiving on Liquid address?

2. If received on Reserve address, can I send it to Liquid address on Latoken exchange itself?

Latoken might have different deposit addresses even though liquid/reserve coins are simply determined by peg index and could in theory be sent to the same one, just deposit where they ask you to when depositing one or the other.

Who asks in which address to deposit?  I`m sending coins from my desktop wallet to my Latoken address. (BTW, liquid and reserve have same addresses in Latoken).

How can I mention/instruct to send my coins from wallet to Latoken address, so that to make sure it`s received there on  liquid address?

When you send liquid coins to the address Latoken will register them as such. As you say its the same deposit address, should be fine.
Thanks.
I sent coins from desktop wallet "from Reserve to Liquid". 
So it will be received on liquid address, right?

Also, how many block confirmation does it need? I`m waiting for almost 30 hours already, still not received..
1127 confirmations already..
LuckyLeprachaun
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May 29, 2020, 07:51:59 AM
 #7454

The BitBay Advanced Web Wallet has now been updated to be compatible with the Dynamic Peg protocol.

You can now send, receive and store your BitBay (both BAYL and BAYR) at https://wallet.bitbay.market

BAYL and BAYR can also be traded on the LATOKEN exchange here:

https://latoken.com/exchange/BAY-BTC
and
https://latoken.com/exchange/BAYR-BTC

Thanks,
Shorn.

Hi guys

What happens when I send Bitbay from desktop wallet to Latoken account.
1.  On which type of address will I receive it? Reserve or Liquid?
How to make sure receiving on Liquid address?

2. If received on Reserve address, can I send it to Liquid address on Latoken exchange itself?

Latoken might have different deposit addresses even though liquid/reserve coins are simply determined by peg index and could in theory be sent to the same one, just deposit where they ask you to when depositing one or the other.

Who asks in which address to deposit?  I`m sending coins from my desktop wallet to my Latoken address. (BTW, liquid and reserve have same addresses in Latoken).

How can I mention/instruct to send my coins from wallet to Latoken address, so that to make sure it`s received there on  liquid address?

When you send liquid coins to the address Latoken will register them as such. As you say its the same deposit address, should be fine.
Thanks.
I sent coins from desktop wallet "from Reserve to Liquid". 
So it will be received on liquid address, right?

Also, how many block confirmation does it need? I`m waiting for almost 30 hours already, still not received..
1127 confirmations already..


You cannot send reserve to liquid, it is controlled by the peg system. If you could do that it would defeat the whole purpose of this new code.

Nighttrader invite code: 2PJbGxt95Dz7JKU2N8oudyAJ1Tzs
dzimbeck
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May 29, 2020, 09:44:32 AM
 #7455

We are completely integrated back into CoinMarketCap and everything is running on all cylinders. Smiley

Thank you everyone on the BAY Team and at LA Token!

Wow - I can't wait for the Market Place to start generating users.
Once people all over the world realize what is here for FREE, the future will be a brighter one for all.

Cheers!



Sorry BitBayDoc, I'm not entirely clear what you mean by your remark re Coinmarketcap.

Todays figures show that BAY has a cap of $227,215,574. This would give BAY a ranking of 39 on CMC.

Actual rank = 208.

Why the discrepancy, and what did you mean by 'completely integrated"?

Sorry if you think I'm being awkward or nit-picky but, honestly, I would just like to know.   Grin

Currently CoinMarketcap is sort of censoring projects by requiring them to meet certain liquidity levels. Whats odd is some projects they don't enforce it on and others they do. In fact they used to let us hit the top 50 but then after we changed exchanges for the peg they started treating us differently.

When he said "completely integrated" I think he was referring to being grateful that they restored our charts. Coinmarketcap has a bad habit of deleting our charts when trading on Latoken goes down... I get the feeling we are getting picked on by them but I am unable to prove it.

Regardless, if we get with a couple more exchanges and get a liquidity provider or some angels then we can start attempting to eat away at Tethers market share. As we have proven that we can hold any stable price the community wants.

dzimbeck
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May 29, 2020, 09:47:23 AM
 #7456

The BitBay Advanced Web Wallet has now been updated to be compatible with the Dynamic Peg protocol.

You can now send, receive and store your BitBay (both BAYL and BAYR) at https://wallet.bitbay.market

BAYL and BAYR can also be traded on the LATOKEN exchange here:

https://latoken.com/exchange/BAY-BTC
and
https://latoken.com/exchange/BAYR-BTC

Thanks,
Shorn.

Hi guys

What happens when I send Bitbay from desktop wallet to Latoken account.
1.  On which type of address will I receive it? Reserve or Liquid?
How to make sure receiving on Liquid address?

2. If received on Reserve address, can I send it to Liquid address on Latoken exchange itself?

Latoken might have different deposit addresses even though liquid/reserve coins are simply determined by peg index and could in theory be sent to the same one, just deposit where they ask you to when depositing one or the other.

Who asks in which address to deposit?  I`m sending coins from my desktop wallet to my Latoken address. (BTW, liquid and reserve have same addresses in Latoken).

How can I mention/instruct to send my coins from wallet to Latoken address, so that to make sure it`s received there on  liquid address?

When you send liquid coins to the address Latoken will register them as such. As you say its the same deposit address, should be fine.
Thanks.
I sent coins from desktop wallet "from Reserve to Liquid". 
So it will be received on liquid address, right?

Also, how many block confirmation does it need? I`m waiting for almost 30 hours already, still not received..
1127 confirmations already..


You cannot send reserve to liquid, it is controlled by the peg system. If you could do that it would defeat the whole purpose of this new code.

Yeah exactly, if you sent reserve to Latokens receive address it will be locked for a month and when confirmed it will still be seen as reserve if the supply remains the same.
You should read up on the peg to see how it works. The supply is dynamic and controlled by the community. This is what protects the price.
Asimmo
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May 29, 2020, 01:37:16 PM
 #7457

The BitBay Advanced Web Wallet has now been updated to be compatible with the Dynamic Peg protocol.

You can now send, receive and store your BitBay (both BAYL and BAYR) at https://wallet.bitbay.market

BAYL and BAYR can also be traded on the LATOKEN exchange here:

https://latoken.com/exchange/BAY-BTC
and
https://latoken.com/exchange/BAYR-BTC

Thanks,
Shorn.

Hi guys

What happens when I send Bitbay from desktop wallet to Latoken account.
1.  On which type of address will I receive it? Reserve or Liquid?
How to make sure receiving on Liquid address?

2. If received on Reserve address, can I send it to Liquid address on Latoken exchange itself?

Latoken might have different deposit addresses even though liquid/reserve coins are simply determined by peg index and could in theory be sent to the same one, just deposit where they ask you to when depositing one or the other.

Who asks in which address to deposit?  I`m sending coins from my desktop wallet to my Latoken address. (BTW, liquid and reserve have same addresses in Latoken).

How can I mention/instruct to send my coins from wallet to Latoken address, so that to make sure it`s received there on  liquid address?

When you send liquid coins to the address Latoken will register them as such. As you say its the same deposit address, should be fine.
Thanks.
I sent coins from desktop wallet "from Reserve to Liquid". 
So it will be received on liquid address, right?

Also, how many block confirmation does it need? I`m waiting for almost 30 hours already, still not received..
1127 confirmations already..


You cannot send reserve to liquid, it is controlled by the peg system. If you could do that it would defeat the whole purpose of this new code.

Yeah exactly, if you sent reserve to Latokens receive address it will be locked for a month and when confirmed it will still be seen as reserve if the supply remains the same.
You should read up on the peg to see how it works. The supply is dynamic and controlled by the community. This is what protects the price.
If it`s impossible to turn reserve to liquid, why there is such option in wallet?
I already waited 1 month for this exchange: Reserve to Liquid..  (Whole April)

1. What can I do now?  Why should I loose 1 more month now and even after that, it will stay in Reserve?
2. Who decided to allocate coins reserve/liquid - on the start of dynamic peg?
dzimbeck
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May 29, 2020, 08:49:13 PM
Last edit: May 29, 2020, 09:02:29 PM by dzimbeck
 #7458

The BitBay Advanced Web Wallet has now been updated to be compatible with the Dynamic Peg protocol.

You can now send, receive and store your BitBay (both BAYL and BAYR) at https://wallet.bitbay.market

BAYL and BAYR can also be traded on the LATOKEN exchange here:

https://latoken.com/exchange/BAY-BTC
and
https://latoken.com/exchange/BAYR-BTC

Thanks,
Shorn.

Hi guys

What happens when I send Bitbay from desktop wallet to Latoken account.
1.  On which type of address will I receive it? Reserve or Liquid?
How to make sure receiving on Liquid address?

2. If received on Reserve address, can I send it to Liquid address on Latoken exchange itself?

Latoken might have different deposit addresses even though liquid/reserve coins are simply determined by peg index and could in theory be sent to the same one, just deposit where they ask you to when depositing one or the other.

Who asks in which address to deposit?  I`m sending coins from my desktop wallet to my Latoken address. (BTW, liquid and reserve have same addresses in Latoken).

How can I mention/instruct to send my coins from wallet to Latoken address, so that to make sure it`s received there on  liquid address?

When you send liquid coins to the address Latoken will register them as such. As you say its the same deposit address, should be fine.
Thanks.
I sent coins from desktop wallet "from Reserve to Liquid".  
So it will be received on liquid address, right?

Also, how many block confirmation does it need? I`m waiting for almost 30 hours already, still not received..
1127 confirmations already..


You cannot send reserve to liquid, it is controlled by the peg system. If you could do that it would defeat the whole purpose of this new code.

Yeah exactly, if you sent reserve to Latokens receive address it will be locked for a month and when confirmed it will still be seen as reserve if the supply remains the same.
You should read up on the peg to see how it works. The supply is dynamic and controlled by the community. This is what protects the price.
If it`s impossible to turn reserve to liquid, why there is such option in wallet?
I already waited 1 month for this exchange: Reserve to Liquid..  (Whole April)

1. What can I do now?  Why should I loose 1 more month now and even after that, it will stay in Reserve?
2. Who decided to allocate coins reserve/liquid - on the start of dynamic peg?

That's not an option in the wallet. The option is to simply send reserve to another address which locks it for a month. You should really read up on the mechanics of the peg.

https://www.docdroid.net/d5wcK4D/dynamic-peg-visual-technical-reference-20190528.pdf

That pdf explains how it works.

If you already sent reserve then in one month you can trade it based on the liquidity shards, chances are it will be mostly reserve unless inflation happens and some becomes liquid. You can not change a coins liquidity shards by sending it, the recipient gets exactly what you sent.

The allocation of liquid/reserve is determined by the supply and the liquidity shards. So at the start of the peg all inputs are considered new and have 1200 liquidity shards each containing 1% compound except for the last shard which contains the remainder. Then the supply starts at 0 index which means 100% liquid and 0% reserve for all users.

Then as users vote to deflate shards in that array are converted to reserve, and they would convert back to liquid upon inflation.

The reserve coins can be sent with one month time-delay and that has no effect on their liquidity shards so upon receipt their ratio of BAY/BAYR is still determined by the supply index. In other words, you send precisely what you send. In fact, each time you send every tiny little shard in the array that you are sending is accounted for and tracked. So the precise liquidity and speed of inflation/deflation of each transaction is known down to the last satoshi.

There is no way to game this system. The supply index is what determines how many coins are in circulation and it's fair as it effects all users and all users have influence on the supply index when they stake/vote.
BitBayDoc
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May 31, 2020, 10:15:00 AM
 #7459

We are completely integrated back into CoinMarketCap and everything is running on all cylinders. Smiley

Thank you everyone on the BAY Team and at LA Token!

Wow - I can't wait for the Market Place to start generating users.
Once people all over the world realize what is here for FREE, the future will be a brighter one for all.

Cheers!



Sorry BitBayDoc, I'm not entirely clear what you mean by your remark re Coinmarketcap.

Todays figures show that BAY has a cap of $227,215,574. This would give BAY a ranking of 39 on CMC.

Actual rank = 208.

Why the discrepancy, and what did you mean by 'completely integrated"?

Sorry if you think I'm being awkward or nit-picky but, honestly, I would just like to know.   Grin

Currently CoinMarketcap is sort of censoring projects by requiring them to meet certain liquidity levels. Whats odd is some projects they don't enforce it on and others they do. In fact they used to let us hit the top 50 but then after we changed exchanges for the peg they started treating us differently.

When he said "completely integrated" I think he was referring to being grateful that they restored our charts. Coinmarketcap has a bad habit of deleting our charts when trading on Latoken goes down... I get the feeling we are getting picked on by them but I am unable to prove it.

Regardless, if we get with a couple more exchanges and get a liquidity provider or some angels then we can start attempting to eat away at Tethers market share. As we have proven that we can hold any stable price the community wants.


Exactly - Thanks David.
Yes, I was referring to our charts being fully restored.
And yes, we should be #39 on CMC based on our market cap!
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June 02, 2020, 06:40:11 PM
 #7460

The BitBay Advanced Web Wallet has now been updated to be compatible with the Dynamic Peg protocol.

You can now send, receive and store your BitBay (both BAYL and BAYR) at https://wallet.bitbay.market

BAYL and BAYR can also be traded on the LATOKEN exchange here:

https://latoken.com/exchange/BAY-BTC
and
https://latoken.com/exchange/BAYR-BTC

Thanks,
Shorn.

Hi guys

What happens when I send Bitbay from desktop wallet to Latoken account.
1.  On which type of address will I receive it? Reserve or Liquid?
How to make sure receiving on Liquid address?

2. If received on Reserve address, can I send it to Liquid address on Latoken exchange itself?

Latoken might have different deposit addresses even though liquid/reserve coins are simply determined by peg index and could in theory be sent to the same one, just deposit where they ask you to when depositing one or the other.

Who asks in which address to deposit?  I`m sending coins from my desktop wallet to my Latoken address. (BTW, liquid and reserve have same addresses in Latoken).

How can I mention/instruct to send my coins from wallet to Latoken address, so that to make sure it`s received there on  liquid address?

When you send liquid coins to the address Latoken will register them as such. As you say its the same deposit address, should be fine.
Thanks.
I sent coins from desktop wallet "from Reserve to Liquid".  
So it will be received on liquid address, right?

Also, how many block confirmation does it need? I`m waiting for almost 30 hours already, still not received..
1127 confirmations already..


You cannot send reserve to liquid, it is controlled by the peg system. If you could do that it would defeat the whole purpose of this new code.

Yeah exactly, if you sent reserve to Latokens receive address it will be locked for a month and when confirmed it will still be seen as reserve if the supply remains the same.
You should read up on the peg to see how it works. The supply is dynamic and controlled by the community. This is what protects the price.
If it`s impossible to turn reserve to liquid, why there is such option in wallet?
I already waited 1 month for this exchange: Reserve to Liquid..  (Whole April)

1. What can I do now?  Why should I loose 1 more month now and even after that, it will stay in Reserve?
2. Who decided to allocate coins reserve/liquid - on the start of dynamic peg?

That's not an option in the wallet. The option is to simply send reserve to another address which locks it for a month. You should really read up on the mechanics of the peg.

https://www.docdroid.net/d5wcK4D/dynamic-peg-visual-technical-reference-20190528.pdf

That pdf explains how it works.

If you already sent reserve then in one month you can trade it based on the liquidity shards, chances are it will be mostly reserve unless inflation happens and some becomes liquid. You can not change a coins liquidity shards by sending it, the recipient gets exactly what you sent.

The allocation of liquid/reserve is determined by the supply and the liquidity shards. So at the start of the peg all inputs are considered new and have 1200 liquidity shards each containing 1% compound except for the last shard which contains the remainder. Then the supply starts at 0 index which means 100% liquid and 0% reserve for all users.

Then as users vote to deflate shards in that array are converted to reserve, and they would convert back to liquid upon inflation.

The reserve coins can be sent with one month time-delay and that has no effect on their liquidity shards so upon receipt their ratio of BAY/BAYR is still determined by the supply index. In other words, you send precisely what you send. In fact, each time you send every tiny little shard in the array that you are sending is accounted for and tracked. So the precise liquidity and speed of inflation/deflation of each transaction is known down to the last satoshi.

There is no way to game this system. The supply index is what determines how many coins are in circulation and it's fair as it effects all users and all users have influence on the supply index when they stake/vote.
Thanks for such detailed explanation, appreciated.

So, to sum up in simple way: I`ll receive my coins in Reserve account in Latoken, can`t do anything by myself, these coins will be slowly, automatically, part by part transfered to Liquid address in Latoken, "when time comes".
Where am I wrong?
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