Quote from: Penn.3D on July 28, 2015, 02:04:51 PM

This has been said before, but it is worth repeating.....

If David can make the pegging happen, then every Bitbay you hold will be worth $1. Right now 1 btc can get you over a MILLION Bitbays! Now what are the chances that in a few months your 1M Bays will be worth 1M dollars? Well I don't really know, but considering that the dev is a bonafide genius and considering he and a team of others have been working on this project for nearly a year, I can definitely say that the chance of the peg working is WAY WAY WAY better than the chance of you winning a scratch off ticket for any substantial amount of money.

Bottom line is that anyone that doesn't put at least 1 btc into Bay right now is just a fool. The ratio of risk to reward here is about as good as you will ever see in your lifetime.

The pegging will happen, but most likely we will peg at a lower amount first.

And when the time comes we vote to bring it up.

if we immediately peg at 1$ that would require almost every BAY in existence to be frozen.