BitBay (BAY) is the world’s first FULLY FUNCTIONAL (RIGHT NOW) decentralized market client that utilizes double deposit escrow. The highly anticipated rolling peg is anticipated to be complete around the end of this year. Eliminate the middlemen, save some money, TRADE YOUR CRYPTO FOR FIAT, 100% safely, from the comfort of your own home.
Lol pls no bully. I don't want them shilling up my thread again like they tried to do last night.
William Smith
Any word on when the peg is due?
Nathan Fisher
Scheduled Q4 2017 (roughly). Check bitbay.market/blog/ for the latest client updates, or join us in the Slack.
Levi Carter
Interesting. Still just one Dev?
Dominic Davis
Yes. Many people believe this to mean there will always be one dev, but this is untrue. BitBay will scale up as necessary as more funding becomes available.
In addition, the fundamental tech of the BAY coin is almost complete, so when it is time to scale up improvement will happen fast. It is much easier to assemble a team to improve the UI than to implement the rolling peg.
Christopher Smith
Is it going to be a gradual limiting of supply or what? Don't see what's stopping prior from selling it for a lower price.
William Cruz
This infographic helps to explain.
Short answer: Coins will be frozen and unfrozen to prevent extreme changes in price.
Long answer: "For properly holding a price to a coin, you need to control some factors of the coin. First you have a rule to control the total supply. Supply will be increased and decreased using new rules about how much of an input you have to spend and how much you must freeze. We will allow a certain number of coins to be liquid and a certain amount of coins will have to wait to enter the market. So you will have a certain percentage of your coins available at one time. Then a large buy wall is set below to total supply. So if there is 100 coins available, then a 100 dollar buy wall is set. This also depends on how quickly we want to see our target price. We may not want to hit a dollar too fast. It may be more profitable for everyone to allow the price to grow towards our target. Most likely we can increase a certain percentage every day and watch how to market reacts. If anyone sells into the wall not only do they have to wait for their coins to become liquid again, they also must wait for us to resell the coins at a higher price."
Carson King
That sounds complicated as fuck.
Connor Cox
It may take some extra time to wrap your normie brain around it but it's worth it
Jayden Fisher
This will either kill ebay or be picked up by it.
Shits a long HODL.
Jose Brown
What excites me most is the idea that someday in the far future companies could use BAY under the hood. For now though, yes I think this could entirely replace eBay with just a few cosmetic upgrades and user tweaks (and of course the soft peg).
eBay always takes all my shit I'm not a fan of them.
Jacob Gonzalez
how much bitbay does everyone own?
I missed out on ark, i missed out on eth, i missed out on LC
not gonna miss this one
Robert Jenkins
I personally hold nearly 1 million but i've been with the team for awhile.
Chase Hughes
i should have 25-30k at end of the night. i am gonna ride this one to the moon
Parker Garcia
can we trade EY niggers on bitbay?!
Jose Williams
someone is going to have a lambo! :-) good job.
Joseph Ortiz
90K
Justin Carter
damn son. good job. wish i knew about it sooner.
Ayden Sanders
Yes, no reason you wouldn't be able to. They've been trading IOTA through the BitBay client recently I believe.
Evan Thomas
GAME CHANGER
Carson Allen
really? is there any literature to this? thank you
That being said if you gentlemen could create a private market for your Niggercoins it would be a lot better for our publicity. We don't cuck but we are trying to run a reputable platform.
Aiden Mitchell
God bless you OP
Henry Harris
im sure /pol/ and Veeky Forums will figure out what to to with EY. i personally own over 2k EY
Brayden Anderson
Awesome project. I'm in for 100k coins. When is the bounty list going to get published?
David Stewart
i bought all i can afford with this months paycheck
Christian Brooks
cool, will research
and if you don't mind me asking, how is bitbay different/better from BLOCK?
Kayden Parker
It is complete, just needs like a finalizing. I just asked the team for a specific date and I will get back to you.
I am not an expert on Blocknet, but my impression is it is attempting to be a platform to run applications and have interoperability between applications on different blockchains, whereas BitBay is a more enterprise/market focused decentralized exchange. BitBay aims to be an exchange of physical and/or digital assets imo, I see a huge demand in China from exporters of goods and the like as something that could potentially send BAY to the moon (that's just my personal conjecture though).
Evan Williams
thank you for the reply
i suppose i am wondering: is this just a way to exchange nigger/BTC with individual people, or would this have an actual exchange/marketplace that shows continual buy/sell offers?
Caleb Carter
This is just a way to exchange nigger/BTC with individuals.
Charles Lewis
>be me >newfag to Veeky Forums >all advise you given me (strat ð) made me money >now getting in on BAY bae >got in on BAY bae >besides escrow, what makes BAY valuable? >technology? >what is future?
Jeremiah Nguyen
The client can be used to sell anything including tangible goods from what I can see. You can set up a private market and sell weed if you want. Not that I would recommend it.
Charles Wood
See BAY is necessary for the double-deposit escrow system. The rolling peg will be the absolute greatest part of this system, making the BAY stable enough to allow for its usage as a currency.
This is in addition to the kick ass marketplace client. No other coin in Crypto has as large a list of features as BitBay: bitbay.market/walloffeatures/
Cooper Diaz
Next big thing is rolling peg, it's gonna be yuuuge
Charles James
So I can sell weed and Niggercoins on BAY and it hasn't mooned?
Color me sold
Benjamin Richardson
BitBay officially disavows the use of the private markets to usurp national or local law.
Adam Myers
Of course, only joking.
Easton Lopez
Any illegal listings on the public marketplaces will be removed by the moderators immediately upon their knowledge of said listing.
Say you were in Denver trying to sell weed within city limits, where it is legal. This would be possible within a private market, where no one outside of that market have knowledge of said transaction.
trying right now user will post back here an update on how it goes
Brody Diaz
Yes. You can sell literally anything using the BitBay decentralized market client.
Austin Lewis
MUE is supposed to control it's price as well. And it's current price is too high for the dev's agenda of an affordable currency. So I assume he's going to release some coins or something.
XRP is also in the same boat. They want to be stable so bankers don't feel screwed when doing transfers. This, (((they))) will control the price.
ETH is supposed to be "gas" for dapps, but speculation rise the price into a bubble. But a very profitable bubble.
As an investor, it seems that if I invest into BAY right now, I'll be lucky to get x30 ($1 future/4¢ current) in a few years. If you even allow it, and if you're not taken over by a faster competitor. But if I invest in speculation, I could double my money every month. Other than as a hedge against speculation, why should I invest when my ROI is less, and your altcoin still carries significant risk? Why would anyone invest in say 2 years from now when your coin mooned to its target?
John Martin
>double your money every month
user, how the fuck are you going to do that? You mean you could start with a thousand in January and end up with 4 million in December?
Jordan Fisher
what the fuck did i just read
John Bell
Is this some kind of 5D chess?
Henry Thompson
How do I get an address and deposite my coins from wave wallet?
Bentley Jackson
i found it, go to deposit, click on bitcoin, and the address shows up.
Will this be better to use than coinbase for buying btc to exchange for other coins?
Adam Martinez
You guys seem to be talking about BitBay.net, I am talking about BitBay (BAY) the cryptocurrency.
BitBay (BAY) wallet has a decentralized market contract that utilizes smart contracts and double deposit escrow to enable just about any business transaction to go smoothly.
Aaron Davis
Can I have some Bitbay from you epic holders? I truly believe in this. B9rW5UaWtP386TWGoM2uFQPp6jSq9yN6M8
Sebastian Cruz
Is it normal that synchronizing with the blockchain takes fucking ages? Like 3 days now and still not finished.
Jose Thompson
Depends on your connection and PC, took me about a day and a half.
Thomas Sullivan
Oh, and also, if you're on Windows you can download the bootstrap and speed things up
